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{
    "id": 1261418,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1261418/?format=api",
    "text_counter": 1324,
    "type": "speech",
    "speaker_name": "Molo, UDA",
    "speaker_title": "Hon. Kimani Kuria",
    "speaker": null,
    "content": " I propose that Clause 75D be read a Second Time. Here, we are changing the ownership or directorship of pension schemes which was requiring, at least 66 per cent ownership by Kenyans. From public participation, we realised this was disadvantaging very many pension scheme enterprises. So, this is a clean-up to ensure it becomes the practice. New Clause 75C which I moved earlier on was to ensure our pension schemes are Sharia compliant because we have this requirement in the banking and insurance sectors but it was missing in the pension schemes sector. I beg to move. The issue of New Clause 75B not being subjected to public participation is a very unfair comment because we spent many hours listening to very many stakeholders. For us to introduce this new clause in this Bill was from members of the public because the concern of illicit brews in this country is of interest to Kenyans. This issue is in our Report because it was raised by members of the public."
}