Merchant Bank of Sri Lanka PLC (MBSL) has organised a seminar on “Implications of the new Finance Business Act” to be held on September 19 in Colombo. The guest speaker at the event would be Dr. Dayanath Jayasuriya -President’s Counsel. The areas to be covered are concepts of the Finance Business and Deposits, Powers of [...]

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MBSL holds seminar on “Implications of the new Finance Business Act”

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Merchant Bank of Sri Lanka PLC (MBSL) has organised a seminar on “Implications of the new Finance Business Act” to be held on September 19 in Colombo. The guest speaker at the event would be Dr. Dayanath Jayasuriya -President’s Counsel.

The areas to be covered are concepts of the Finance Business and Deposits, Powers of the Regulator, Duties of Directors, Auditors and senior management, Impact on related entities, Need for more effective Corporate Governance and the Way Forward to Address Conceptual and Operational Issues and Problems, the organiser said.

It said the need to amend the Finance Companies Act which was enacted 20 years ago has been a long-felt need by the financial sector as well as the general public to suit the current context.




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