17. Amendment of section 75 of the principal enactment

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

Section 75 of the principal enactment is hereby amended as follows: -

(1)

by the insertion immediately after the deﬁ nition of the expression “business”, of the following new deﬁ nition: -

“ “Central Bank” means the Central Bank of Sri Lanka established under the

Central Bank of Sri Lanka Act, No.

16 of 2023;”; and

(2)

by the insertion immediately after the deﬁ nition of the expression “Government Marketable

Land”, of the following new deﬁ nition: -

“ “international standards” means the standards that comprise of principles, guidelines, processes, or characteristics, that have been developed through the consensus of experts from many countries and published by a globally recognized institution including the Basel

Committee on Banking Supervision and the Financial Stability Board;”.

Read on from s 18