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Part III · Sri Lanka Deposit Insurance Scheme

53. Transfer of funds from the Central Bank to the Deposit Insurance Fund

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

If, at any time, the liquid funds available in the Deposit

Insurance Fund are considered insufficient to meet the payout requirements of the Scheme, the Central Bank may extend a liquidity line to the Deposit Insurance Fund against existing collateral in the Deposit Insurance Fund’s portfolio or against a guarantee issued by the Ministry of Finance on such terms and conditions, and for such period, as it may consider necessary.

Read on from s 54

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