ECONOMYNEXT – Sri Lanka’s central bank is calling for public consultation on amendments to the country’s Finance Business Act, No.42 of 2011 (FBA). The proposed amendments aim to strengthen the regulation and supervision of finance companies, investigate and prosecute unauthorized finance business, and for the resolution and winding up of non-viable FCs, the central bank said. CBSL is inviting the general public to submit views, suggestions, and comments on the draft amendments. The public can access the draft amendments through the following weblink at the CBSL website; “https://www.cbsl.gov.lk/en/consultation-papers-for-public-comments” The views, suggestions, comments are to be submitted through post, fax or…
Sri Lanka central bank calls for public views on Finance Business Act changes
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