The Commission is co-chaired by former Secretary to the President and Principal Advisor to the President Mr. Lalith Weeratunga and Chairman of John Keells Group Mr. Krishan Balendra.
Other members of the Commission are the following:
Mr. S.D.A.B. Boralessa – Secretary, State Ministry of Land Management, State Enterprises Land and Property Development
Mr. M.M.C. Ferdinando – Retired Ministry Secretary, Power sector
Mr. Suresh de Mel – Chairman, Export Development Board
Ms. C. Weligamage – Director General, Department of Public Finance
Mr. Chandana Kumarasinghe – Director General of Establishments, Ministry of Public Services, Provincial Councils and Local Government
Dr. Harsha Cabral – Company Law expert
Dr. Nihal Jayawardana – President’s Counsel
Mr. Thishan Subashinghe – Chartered Accountant of Sri Lanka
Mr. Ranjith Gunathilake – Chief Executive Officer, Sanken Constructions (Private) Limited
Ms. Renuka Weerakoon – Executive Director, Board of Investments of Sri Lanka
Mr. Gerard Ondaatjie – Board of Director, Mercantile Investments and Finance PLC
Mr. Arjun Fernando – Non-Executive Director, Nations Trust Bank
Mr. S.P. Liyanarachchi- SME Construction Sector
Mr. Anslem Perera – Managing Director, Mlesna Tea
Mr. Nissanka Wijeratna – Secretary General/ Chief Executive Officer, Chamber of Construction Industry
Mr. Chandra Wickremasinghe – Chairman/ Director General, Theme Resorts and Spas
The tasks of the Commission cover the following.
Review all laws, regulations and circular instructions pertaining to Government finance, revenue laws and circular instructions, licensing and permit arrangements, investments, approvals and building permits etc., and how those regulations and circular instructions have evolved and circumstances influencing such regulations.
Assess as to whether the issuance of regulations and circular instructions has resulted in over regulation and deviated from the scope and objectives of original legislations.
Assess the relevance of them in the context of global standards and applicability of them in the Sri Lankan context to identify new rooms to adopt to make the most effective modern regulatory systems.
Assess the cost of enforcement to the state, compliance cost to the people and potentials for corruption and irregular practices associated with complex and over regulatory systems.
Identify areas where simplifications and rationalization could be made to existing regulations and circular instructions and issue directions to do away, modify if required and simplify all such regulations.
Study if there is a repetition occurs due to issuing various approvals, permits and licenses through the national level, Provincial Councils and local authorities and take necessary measures to amend such processes appropriately.
The Commission is given 90 days period to fulfill this task and issue instructions to relevant agencies as required for the purpose of executing the task entrusted.
Mr. G. S. Vithanage, retired Ministry Secretary has been appointed as Secretary to the Commission.
