Exposure draft on corporate governance for registered finance companies

The Central Bank of Sri Lanka has issued an exposure draft on corporate governance for registered finance companies (RFCs). The intent in issuing the exposure draft is to obtain comments, views and suggestions from all stakeholders of RFCs in relation to the governance of RFCs.

As the public have deposited funds with RFCs, they have a very strong incentive to ensure that such companies are operated in an efficient, secure and sustainable manner.

The Central Bank, urges the public, shareholders, managers and directors of RFCs, other interested parties to provide comments, views and suggestions on the exposure draft.

The final date for receiving comments, views and suggestions is August 15. A revised draft will be made available after considering the comments, views and suggestions.

The exposure draft is available on the Central Bank of Sri Lanka website

(www.cbsl.gov.lk)