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{
    "id": 1117028,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1117028/?format=api",
    "text_counter": 400,
    "type": "speech",
    "speaker_name": "Homa Bay CWR, ODM",
    "speaker_title": "Hon. (Ms.) Gladys Wanga",
    "speaker": {
        "id": 590,
        "legal_name": "Gladys Atieno Nyasuna",
        "slug": "gladys-atieno-nyasuna"
    },
    "content": " Hon. Temporary Deputy Chairman, I beg to move: THAT, Clause 4 of the Bill be amended− (a) in the proposed new clause 33R by− (i) deleting paragraph (b); (ii) deleting paragraph (c); (iii) deleting the words “and business models” appearing in paragraph (d); (iv) inserting the following new paragraph immediately after paragraph (c) – (ca) determine parameters for pricing of digital credit; (b) in the proposed new clause 33S – (i) by inserting the following new subsection immediately after subsection (2) – (2A) An application under subsection (2) shall be accompanied by– (a) a copy of the certificate of incorporation under the Companies Act; (b) a certified copy of the applicant’s memorandum and articles of association; (c) a notification of the company’s registered address; (d) a certificate of issued pursuant to section 19 of the Data Protection Act; (e) a statement as to compliance with the provisions of Part VII of the Consumer Protection Act; and, (f) such other documents as may be prescribed by the Bank. (2B) Without prejudice to subsection (2A) (e), an applicant shall provide the terms and conditions applicable to the digital credit and which must be accepted by the borrower before activation of a mobile loan account. (2C) The Bank may grant or reject an application for a license by written notice addressed to the applicant within sixty days from the date of receipt of an application. (2D) A license granted under this section shall remain valid unless suspended or revoked by The Bank in accordance with this Act, but upon expiry of the prescribed period may be renewed. (2E) The Bank may suspend or revoke a license by written notice to the holder of the licence, if – (a) the licensee does not meet the conditions prescribed by The Bank; (b) the licensee is in breach of subsection (2A) or the conditions of the Data Protection Act or the Consumer Protection Act; (c) the licensee is found to have given false information during the application; (d) the licensee goes into liquidation or an order for winding up is issued; (e) the carries out activities outside the scope of the licensed activities; The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."
}