Entry Instance

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{
    "id": 463333,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/463333/?format=api",
    "text_counter": 215,
    "type": "other",
    "speaker_name": "",
    "speaker_title": "",
    "speaker": null,
    "content": "(i) deleting the definition of “authorized dealer” and substituting therefor the following new definition— “authorized dealer” means an authorized bank, authorized bureau, authorized mortgaged finance company, an authorised money remittance provider or an authorized microfinance bank licensed by the Bank under section 33 B; (ii) deleting the definition of “foreign exchange business” and substituting therefor the following new definition— “foreign exchange business”— (a) in relation to a specified bank, means – (i) buying, selling, borrowing or lending foreign currency or any other business involving transactions in foreign currency; (ii) settling payments to or from Kenya or in Kenya between residents and non-residents; (b) in relation to a foreign exchange bureau, means the business of- (i) buying or selling foreign currency; or (ii) settling payments to or from Kenya as prescribed by the Bank. The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."
}