17. Eligibility and disqualifications of the Governor and other appointed members and Deputy Governors of the Central Bank

has committed or has been connected with the commission of, any act which involves fraud, deceit, dishonesty or professional misconduct;

is subject to an investigation or inquiry consequent upon being served with notice of a charge involving fraud, deceit, dishonesty or other similar criminal activity, by any regulatory authority, supervisory authority, professional association, commission of inquiry, tribunal or any other body established by law, in Sri Lanka or abroad;

has been convicted by any court in Sri Lanka or abroad in respect of a crime involving dishonesty or committed in connection with financial management or of any offence involving moral turpitude;

is an undischarged insolvent or has been declared bankrupt by a court of competent jurisdiction in

has failed to satisfy any judgement or order of any court whether in Sri Lanka or abroad, or to repay a debt;

has been declared by a court of competent jurisdiction in Sri Lanka or abroad, to be of unsound mind;

has been removed or suspended by an order of a regulatory or supervisory authority from serving as a director, chief executive officer or other officer in any financial institution or corporate body, in Sri

was a chief executive officer or held any other position of authority in any financial institution –

whose license has been suspended or cancelled; or

which has been wound up or is being wound up, or which is being compulsorily liquidated whether in Sri Lanka or abroad;

is an employee of the Central Bank:

is or becomes a member of the Parliament, a

is or becomes a public officer or judicial officer or holds any office or position other than an academic position, either by election or appointment, for which salary or other remuneration or benefit other than the superannuation benefit deriving from his previous employment, is payable out of public funds, provincial funds or the funds of any local authority:

is an official of a political party; or

is or becomes a director, officer or employee of an entity regulated by the Central Bank or a financial institution operating through offices in Sri Lanka or a beneficial owner of an equity interest in a financial institution.