Debt claim made by a person conducting a banking business

Where a person conducting a banking business makes specific provision for a debt claim in accordance with the relevant directives made by the Central Bank of Sri Lanka, subject to conditions as set out in the gazette (attached).

1. No provision made in respect of potential risk of credit facilities in accordance with the relative directives made by the Central Bank of Sri Lanka.
2. No provision made in respect of pawing debtors in the business of pawnbroking carried on by a Financial Institutions in accordance with the relative directives made by the Central Bank of Sri Lanka.
3. No provision made in respect of a debt claim given to an associated person.
4. No provision made in respect of a debt claim given to a person outside Sri Lanka.