Entry Instance

HTTP 200 OK
Allow: GET, PUT, PATCH, DELETE, HEAD, OPTIONS
Content-Type: application/json
Vary: Accept

{
    "id": 1117029,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1117029/?format=api",
    "text_counter": 401,
    "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": "(f) the licensee is in breach of any of the provisions of this Act and the regulations made thereto relating to digital lending. (2F) Without prejudice to subsection (2D), an applicant may apply for renewal of the license at least three months before expiry of the license. (2G) The Bank shall cause to be published in the Gazette and The Bank’s website – (a) before the thirtieth day of March in each year, the names and addresses of all licensed digital lenders under this section; (b) within thirty days of suspension or revocation of a license, the name and address of the digital lenders whose licenses have been suspended or revoked. (c) by inserting the following clauses immediately after the proposed new clause 33S- 33T. The Bank shall consult with other regulators including but not limited to- (a) the Office of the Data Protection Commissioner; and, (b) the Communications Authority. 33U. Notwithstanding the provisions of this section, a digital lender shall disclose any positive or negative information of its customers to the licensed credit reference bureaus, where such information is reasonably required for the discharge of the functions of the digital lenders and the licensed credit reference bureaus. Hon. Temporary Deputy Chairman, this is essentially to remove capital adequacy requirements and minimum liquidity requirements for digital lenders because they are not deposit- taking. So, the risks are not there."
}