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Part III · Sri Lanka Deposit Insurance Scheme

41. Members of the Scheme

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

(1)

The Head of the Department established under section 4 or any other officer authorized by the Central Bank shall publish a list of all institutions who are members of the

Scheme annually, at least in one Sinhala, Tamil, and English daily newspapers circulating in Sri Lanka.

(2)

The Central Bank shall, by way of a direction, notify the member institutions of the membership in the Scheme.

For the purposes of this Part of this Act, a “member institution” means, a licensed commercial bank, a licensed specialized bank within the meaning of the Banking Act or a licensed finance company within the meaning of the

Finance Business Act or any other institution as the

Central Bank may determine, from time to time, as a member institution under this Act.

Read on from s 42

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