4. Amendment of section 11 of the principal enactment

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

Section 11 of the principal enactment is hereby amended as follows :—

(a)

in paragraph (a) of subsection (1) of that section, by the substitution for the words “any local authority”

of the words “any Provincial Council or any local authority”;

(b)

in paragraph (a) of subsection (2) of that section, by the substitution for the words “any local authority”

of the words “any Provincial Council or any local authority”;

(c)

by the repeal of paragraph (c) of subsection (2) of that section and substitution therefor, of the following paragraphs :—

“(c)

he is a director, officer, employee or shareholder of any banking institution (other than the Central Bank) or any other institution supervised or regulated by the Central Bank.”.

Read on from s 5