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{
    "id": 324831,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/324831/?format=api",
    "text_counter": 527,
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    "speaker": null,
    "content": "(Mr. ole Metito): Mr. Temporary Deputy Chairman, Sir, I beg to move:- THAT Clause 2 of the Bill be amended- (a) by deleting the definition of the term “financial institution” and substituting therefor the following new definition- “financial institution” means any person or entity, which conducts as a business, one or more of the following activities or operations– (a) accepting deposits and other repayable funds from the public; (b) lending, including consumer credit, mortgage credit, factoring, with or without recourse, and financing of commercial transactions; (c) financial leasing; (d) transferring of funds or value, by any means, including both formal and nformal channels;"
}