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{
    "id": 32337,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/32337/?format=api",
    "text_counter": 506,
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    "speaker_name": "",
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    "content": "Madam Temporary Deputy Speaker, the analysis revealed that actually the extent of reporting was completely inadequate and, therefore, after making the detailed analysis, the task force came up with four options. The first option was to either maintain the current legal and regulatory framework largely unchanged. The current legal and regulatory framework continues unchanged with a relative approach to a policy making and regulation. The second was to introduce a voluntary legal and regulatory framework. This option requires that all participating institutions holding unclaimed financial assets volunteer to participate in a self regulatory regime. This option would imply that institutions holding unclaimed financial assets exercise their discretion either to participate or not as they are not compelled to do so either by law or principle. Option three is to introduce a mandatory legal and regulatory framework within the regulators. This option entails the use of existing systems and infrastructure of regulators to domicile the unclaimed financial assets agency. Given the Government policy stance of not creating new agencies but rather consolidating agencies---"
}