Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsLicence to engage in off-shore banking
| 23. No off-shore banking business shall be carried on except by a commercial bank Licensed to carry on off-share banking and such back shall carry on its business in accordance with such off-shore banking scheme formulated by the Monetary Board :Provided that the banks specified in Schedule I, which on the appointed date are carrying on off-shore banking business under the " Foreign Currency Banking Scheme" established by the Monetary Board shall be issued a licence in terms of section 5 enabling such banks to carry on off shore banking business under this Part. |