Sri Lanka Consolidated Acts

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Banking Act (No. 30 of 1988) - Sect 82

Regulations

82.
(1) The Minister may make regulations in respect of matters required by this Act to be prescribed or in respect of which regulations are authorized to be made.
(2) Every regulation made by the Minister shall be published in the Gazette and shall come into operation on the date of such publication or on such later date as may be specified in the regulation.
(3) Every regulation made by the Minister shall, as soon as is convenient after its publication in the Gazette, be brought before Parliament for approval-
(4) Every regulation which is not so approved shall be deemed to be rescinded as from the date of such disapproval but without prejudice to anything previously done there under. Notification of the date on which any regulation is deemed to be rescinded shall be published in the Gazette.


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