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{
    "id": 203617,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/203617/?format=api",
    "text_counter": 275,
    "type": "speech",
    "speaker_name": "Mr. Kimunya",
    "speaker_title": "The Minister for Finance",
    "speaker": {
        "id": 174,
        "legal_name": "Amos Muhinga Kimunya",
        "slug": "amos-kimunya"
    },
    "content": "Mr. Deputy Speaker, Sir, we would have put these specific provisions within the Finance Bill. But because of the nature that we want hon. Members to deliberate on specifically, we actually hived it out as a specific amendment and brought it in within the Internal Loans (Amendment) Bill. This is in line with the discussion we had with the Committee on Finance, Planning and Trade, that matters that are so distinct should not be put within the Finance Bill. Mr. Deputy Speaker, Sir, basically, the Bill covers that, bringing into law paperless transactions, so that we can now legitimise what is happening within our capital markets. It is also to ensure that our capital markets are in tandem with the rest of the developed countries. Mr. Deputy Speaker, Sir, I do not really want to belabour our point. It is a very simple, tidying-up amendment that we should be able to pass with minimum ease. It is just to basically facilitate transacting in paperless bonds as opposed to bonds that must be in papers. It is just like we are doing in the stock exchange. We now do not need to have our certificates to transact. You deposit it in a technological form and can transact with this. As I said, it is a very straight forward amendment. With those remarks, I beg to move and ask the Minister for Justice and Constitutional Affairs to second."
}