28. Section 76F of the principal enactment is hereby repealed and the following new section substituted therefor:-
| 76F.
| | (1) The provisions of section 9 shall, mutatis mutandis, apply in respect of a licensed specialised bank as they apply in respect of a licensed commercial bank and for that purpose any reference therein to a licensed commercial bank shall be deemed to be a reference to a licensed specialised bank, and any reference therein to section 5 shall be deemed to be a reference to section 76c, and any reference therein to banking business shall be deemed to be a reference to the business of accepting deposits of money and investing and lending such money. | | |
| | (2) Nothing contained in subsection (1) shall in any way affect the powers conferred on the Monetary Board or the Director of Bank Supervision by section 76M.". | | |
|
|
|
Sri Lanka Consolidated Acts