17. Amendment of section 23 of the principal enactment

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

Section 23 of the principal enactment is hereby amended as follows:-

(1)

by the repeal of subsection (1) thereof and the substitution therefor of the following subsection:-

“(1) Every member of the Institute who is enrolled as a Fellow Member of the Institute shall-

(a)

have the right to use the abbreviated designation “F.I.V.” after his name to indicate that he is a Fellow Member;

(b)

be entitled to use the title “Chartered

Valuer.”;

(2)

by the repeal of subsection (2) thereof and the substitution therefor, of the following subsection :-

“(2) Every member of the Institute who is enrolled as a Professional Associate of the Institute, shall have the right to use the abbreviated designation “A.I.V” after his name, to indicate that he is a Professional Associate.’’;

(3)

by the repeal of subsection (3) thereof;

(4)

by the renumbering of subsections (4) and (5) as subsections (3) and (4) of that section respectively;

(5)

by the insertion immediately after renumbered subsection (4), of the following new subsection :-

“(5)

Every member registered under subsections (1) and (2) shall be entitled to use the preﬁ x “Valuer” before his name and use the abbreviation “Vlr” therefor.”.

Act, No. 9 of 2019

Read on from s 18