12. Replacement 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Section 11 of the principal enactment is hereby repealed and the following section is substituted therefor: -

“High Court to sanction essential and legitimate transactions.

11. (1) Upon confirming a Freezing Order by the High Court under section 8, a police officer not below the rank of an Assistant

Superintendent of Police may apply to the High

Court for an order for the appointment of a

Receiver or Special Manager or for a direction on the Proceeds of Crime Management

Authority, as the case may be, in terms of

Part IV of the Proceed of Crime Act, No. 5 of 2025 for the purpose of protecting, preserving, managing or disposing of the property which is subject to the Freezing Order.

(2)

The High Court may, on an application made under subsection (1), or on its own motion, appoint a Receiver or Special Manager or direct the Proceeds of Crime Management

Authority, as the case may be, in terms of the provisions contained in Part IV of the

Proceeds of Crime Act, No. 5 of 2025 for the purpose of protecting, preserving, managing or disposing of the property which is subject to the Freezing Order.”.

Read on from s 13