11. Interpretation

For purposes of this Act, unless the context otherwise requires—

“Banking Act” means the Banking Act, No. 30 of 1988 as amended from time to time;

“Business” includes the business carried on by the

DFCC Bank as a licensed specialized bank, as at the specified date;

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“Company” means the company referred to in the paragraph (b) of subsection (2) of section 3;

“Controller of Exchange” means the head of the

Department of Exchange Control of the

Central Bank, established by the Monetary

Board under the Exchange Control Act

(Chapter 423);

“DFCC Bank” means the DFCC Bank established by the DFCC Bank Act as amended from time to time (Chapter 165);

“Director of Bank Supervision” means the head of the Department of the Bank Supervision of the Central Bank of Sri Lanka established by the Monetary Law Act (Chapter 422);

“Monetary Board” means the Monetary Board of the Central Bank of Sri Lanka established under the Monetary Law Act (Chapter 422);

“Provincial Council” means a Provincial Council established by Chapter XVIIA of the

Constitution;

“Securities and Exchange Commission” means the Securities and Exchange Commission of Sri Lanka established by the Securities and Exchange Commission of Sri Lanka

Act, No. 36 of 1987;

“Urban Development Authority” means the Urban

Development Authority established by the

Urban Development Authority Law, No. 41

of 1978.

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