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As enacted
Contents

Part II · Administation and Management of the Affairs of the Authority

15. Delegation of any power or function by the Authority

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

(1)

The Authority may, whenever the Authority considers it necessary and expedient, delegate any of its powers or functions relevant to licencing, collection of any fees or charge levies under the Act and supervision of licensed moneylending and licensed microfinance institutions to a District Secretary or to a Divisional Secretary of any Divisional Secretary’s Division as the case may be, so however, that the Authority shall remain and continue to remain responsible for any act or thing done or omitted to be done by such District Secretary or the Divisional Secretary of any Divisional Secretary’s Division in the exercise and performance of such powers and functions delegated to him.

(2)

The Authority may give such directions as the

Authority may deem necessary, to any District Secretary or to any Divisional Secretary of any Divisional Secretary’s

Division with regard to the effective implementation of the provisions of this Act and any directive or rule made thereunder and every such officer to whom any such direction is given shall be required to comply with the same.

Part III

Director-General and The staff of the Authority

Part IV

Moneylenders

Part V

Microfinance Business

Part VI

Regulation of Moneylenders and microfinance institutions

Part VII

Examination of A Licencee

Part VIII

Customer Protection

Part IX

Investigation of Offences

Part X

Offences and Penalties

Part XI

Finance

Part XII

General

Part XIII

Transitional Provisions

Schedules