4. Section 7 of the principal enactment is hereby amended as follows:-
| (1) by the repeal of paragraphs, (a), (b), (c)and (d) of that section and the substitution therefor of the following paragraphs :- "
| | (a) to maintain a data bank on borrowers from lending institutions ; | | |
| | (b) to collect and collate trade, credit and financial information on borrowers or prospective borrowers of lending institutions; | | |
| | (c) to store the information so collected : | | |
| | (d) to furnish credit information on request-
| | | (i) in confidence to shareholders of the Bureau ; |
| (ii) by a shareholder of the Bureau, to a borrower or prospective borrower to whom such information relates, subject to such terms and conditions as may be determined by the Bureau, |
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| (2) by the insertion immediately after paragraph (d) of that section of the following paragraph:- |
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| (3) by the insertion of the following new paragraph immediately after paragraph (n) of that section:- " |
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| (4) by the renumbering of the paragraph (o) of that section as paragraph (p) thereof. |
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Sri Lanka Consolidated Acts