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{
    "id": 493535,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/493535/?format=api",
    "text_counter": 236,
    "type": "speech",
    "speaker_name": "Hon. Oyugi",
    "speaker_title": "",
    "speaker": {
        "id": 444,
        "legal_name": "Augostinho Neto Oyugi",
        "slug": "augostinho-neto-oyugi"
    },
    "content": "documented will be very useful. The best part of this Bill, in my opinion, is Section 8(g) which seeks to design an initial ethics test. It is appreciating that there are many people who could have qualified as members of the institute, but they ought to be subjected to an ethics test because they might have been in investments, but they might not have undertaken an ethics test. I really think subjecting people to the ethics test and determining their professionalism is something that really ought to be considered. The registration of the Board under Section 13 is a good thing. But then the people who will be registering persons should be members of the institute and not just individuals. The Board should be well intentioned and one that is given gravitas . The procedure for application is also very well highlighted in Section 14 of this particular Bill. I would like to speak to Section 16. It talks about qualifications for registration. It confirms that before you register, there will be a test to confirm that you have passed the final studies by Security and Investment Analysis Examination. This, of course, will go to what the hon. Member for Seme spoke about. It will avoid quacks, charlatans and people in good suits walking in the streets of River Road as hon. Duale calls them. It will ensure that we have people who have qualified and they know issues of investments. Those are people who will not be working through guesswork. So, Section 16 of the Bill is very useful. Hon. Speaker, like all professional bodies, I think this particular Bill speaks in Section 17 in terms of where disqualifications can occur. That then does not make it obvious that once you are a member of the institute you cannot be disqualified. A regime that provides for registration must also provide for disqualification in the case that the institute may find you behaving in a manner that is not as per the conduct the institute shall have put in place. I also like the fact that there is provision on how to apply for a practicing certificate. This shall ensure that the conduct of the various members of the institute is reviewed constantly. That way, members who have been subject to what I talked about - the ethics test--- If at all you are found not to have worked towards ethics, then I really think you should be subject to disqualification."
}