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{
    "id": 17356,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/17356/?format=api",
    "text_counter": 492,
    "type": "other",
    "speaker_name": "",
    "speaker_title": "",
    "speaker": null,
    "content": "Mr. Temporary Deputy Speaker, Sir, there is need to empower the capital market regulator to oversee the operations of the central depository operations. To facilitate this matter, I have proposed an amendment to the Central Depository Act, 2000 to explicitly provide for the licensing procedure of central depository to effectively outline their duties. The amendment will also tighten the requirements on the rules put in place by the central depository to allow them to exercise self regulatory responsibilities. This again is intended to ensure that our Capital Markets Authority does continue to exercise control over the central depository operations, especially as we seek to expand activities with the introduction of over the counter bonds, introduction of futures market and so on."
}