Central Bank of Sri Lanka Act 2023 · As enacted · Part III · Employees of the Central Bank
24. Employees not to accept any other office
Official English translation. The Sinhala text prevails. Open the official Sinhala text, official PDF on documents.gov.lk
Official translationFrom Department of Government Printing, unchanged
The employees of the Central Bank shall devote their professional services to the Central Bank, and shall not accept or hold any other office or employment, whether public or private, or whether remunerated or not, except as a nominee of the Central Bank or for educational or academic purposes, which are not in conflict with or which will not prevent the ability of any employee to devote his professional services to the Central Bank, and are within the limits determined by the Governing Board in that regard.
The Governing Board may, at the request of any ministry, department, public international financial institution or a public corporation which is not a financial institution, temporarily release any officer of the Central
Bank with the consent of such officer, to serve any office or position in such ministry, department, public international financial institution or public corporation, subject to such terms and conditions as may be determined by the Governing
Board:
Provided, however, the temporary release of any officer of the Central Bank shall not exceed a period of five years unless the Cabinet of Ministers approves such other longer period.
Any officer of the Central Bank who is released to serve any office or position in terms of subsection (2), shall be deemed to be removed from such office or position, if such officer is removed from his office in the Central Bank under the provisions of this Act.
Part IV
Inflation Target
Part V
Monetary and Other Operations
Part VI
Foreign Exchange Operations and International Reserves
Part VII
Currency and Legal Tender
Part VIII
Payment and Settlement Systems
Part IX
Supervision and Resolution of Financial Institutions
Part X
Macroprudential Authority
Part XI
Financial System Oversight Committee
Part XII
Information Exchange with Financial Sector Authorities
Part XIII
Statistics and Information
Part XIV
Relationship with the Parliament, the Government and the Public
Part XV
Credit Operations
Part XVI
Financial Provisions
Part XVII
Internal and External Audits
Part XVIII
General Provisions
Part XIX