Srilanka, Feb. 27 -- The Central Bank of Sri Lanka has issued a notice reminding the public about the provisions of the Financial Business Act, No. 42 of 2011, regarding the use of the word 'finance'.

According to Section 10(2) of the Act, only licensed financial companies or institutions can use terms like 'finance', 'financing', or related terms in their business names, and they must obtain prior written approval from the Central Bank.

Press Release - Use of the word 'finance'"]

Published by HT Digital Content Services with permission from Daily News Sri Lanka....