Skip to content
srilawsby aturio
As enacted
Contents

Part IV · Financial Sector Crisis Management Committee

62. Meetings of the Financial Sector Crisis Management Committee

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

(1)

The Financial Sector Crisis Management

Committee shall hold meetings as and when necessary, but at least once a month when it operates in crisis times and at least once every quarter in non-crisis times.

(2)

The Chairperson of the Financial Sector Crisis

Management Committee may call extraordinary meetings depending on the circumstances and needs.

(3)

The quorum for any meeting of the Financial Sector

Crisis Management Committee shall be constituted by the presence of the Chairperson or the person acting as

Chairperson and the simple majority of the remaining members.

(4)

In the absence of the Chairperson from any meeting, the Deputy Chairperson shall preside at such meetings. In the absence of both the Chairperson and the Deputy

Chairperson from any meeting, any other member shall be elected to preside at such meeting from among the members present at such meeting.

Read on from s 63

Part V

Winding Up of Licensed Bank

Read on from Part V

Schedules