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{
    "id": 463329,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/463329/?format=api",
    "text_counter": 211,
    "type": "other",
    "speaker_name": "",
    "speaker_title": "",
    "speaker": null,
    "content": "The Banking Act is amended— (a) in section 3, by deleting paragraph (a) of the proviso to subsection (1) and substituting therefor the following new paragraph— “(a) the provisions of paragraphs (b) and (c) of this subsection shall not apply to investment banks licensed under section 11(3) of the Capital Markets Act and microfinance banks licensed under section 6(1) of the Microfinance Act, 2006; and”; (b) in section 54, by inserting the following new paragraph immediately after paragraph (c) in subsection (1)— “(d) a microfinance bank licensed under the Microfinance Act, 2006.”"
}