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2025-12-19

News Categories : Committee News 

The Sectoral Oversight Committee focuses on the proposed amendments to the Microfinance and Credit Regulatory Authority Bill

The attention of the Sectoral Oversight Committee on Economic Development and International Relations was drawn to the Microfinance and Credit Regulatory Authority Bill and the proposed amendments thereto.

This was looked into when the Committee met in Parliament yesterday (Dec. 18), under the chairmanship of Hon. Member of Parliament Ms. Lakmali Hemachandra, (Attorney at Law). A group of officials representing the Central Bank of Sri Lanka, the Department of Development Finance of the Ministry of Finance, Planning and Economic Development, and the Legal Draftsman's Department participated in the meeting.

The Microfinance and Credit Regulatory Authority Bill was presented to Parliament for its First Reading on 26.11.2025. Accordingly, the Committee held an extensive discussion on the amendments that have been proposed to the Bill. The Chair of the Committee, Hon. Member of Parliament Ms. Lakmali Hemachandra, (Attorney at Law) stated that it is important to give careful and further consideration to this Bill and that discussions on the proposed amendments will be held again on a future date.

Hon. Members of Parliament Lakshman Nipuna Arachchi, Thilina Samarakoon, Nilanthi Kottahachchi, Attorney at Law, Sagarika Athauda, Attorney at Law, Suranga Ratnayaka, and Wijesiri Basnayake also participated in this Committee meeting.



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