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As enacted
EnglishSinhala සිංහල, official PDF on documents.gov.lkTamil தமிழ், official PDF on documents.gov.lk
Contents

Part I · Resolution Authority of the Central Bank

6. Exclusion of the application of certain other enactments

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

(1)

The provisions of any one or more enactments specified in the Schedule to this Act or any part of such provisions relating to resolution, winding up or deposit insurance shall have no application in the exercise, performance and discharge of the powers, duties and functions of the Central Bank on a licensed bank subject to resolution under this Act in securing compliance with the provisions of this Act and any other regulation, Order, direction, determination, guideline or instruction issued or made thereunder by the Central Bank.

(2)

Notwithstanding the Central Bank exercising the resolution authority under this Act, the regulatory requirements applicable to any licensed bank under the

Banking Act or any regulation, Order, direction, determination, guideline or instruction issued or made thereunder, shall continue to apply in respect of such licensed bank subject to resolution.

Read on from s 7

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