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As enacted
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Part I · Resolution Authority of the Central Bank

10. Central Bank to issue directions on the preparation of recovery plans

Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.

(1)

The Central Bank may, from time to time, issue directions to any licensed bank on preparation of recovery plans for such licensed bank.

(2)

The regulatory or supervisory departments of the

Central Bank shall promptly notify the Department established under section 4, any changes that would require a reassessment or updating of the recovery plans of licensed banks.

Read on from s 11

Part II

Resolution Measures

Read on from Part II

Part III

Sri Lanka Deposit Insurance Scheme

Read on from Part III

Part IV

Financial Sector Crisis Management Committee

Read on from Part IV

Part V

Winding Up of Licensed Bank

Read on from Part V

Schedules