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As enacted
Contents

Part I · Establishment of the Microfinance and Credit Regulatory Authority

2. Establishment of the Microfinance and Credit Regulatory Authority

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

(1)

There shall be established an Authority which shall be called the Microfinance and Credit Regulatory Authority of Sri Lanka (in this Act referred to as the “Authority”).

(2)

The Authority shall by the name assigned to it by subsection (1), be a body corporate, with perpetual succession and a common seal and may sue and be sued in such name.

Part II

Administation and Management of the Affairs of the Authority

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