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{
    "id": 564345,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/564345/?format=api",
    "text_counter": 364,
    "type": "speech",
    "speaker_name": "Hon. Tongi",
    "speaker_title": "",
    "speaker": {
        "id": 2611,
        "legal_name": "Richard Nyagaka Tongi",
        "slug": "richard-nyagaka-tongi"
    },
    "content": "The Chairman is proposing that the Clause be amended by deleting the “words securities and investment” and substituting therefor the words “investment and financial”. My understanding of “securities and investment” is that they cover a wide area. The scope of securities and investments is much wider than when we limit ourselves to investment and financial, because securities include even future investments that we are talking about and future market. The commodity market, as well, is addressed under securities and investment; but when we talk of investment and financial, we limit ourselves to the financial market and financial institutions, which in many ways limits what the financial market is able to do. I would persuade the Chairman to retain the words “securities and investment” because that way, we will be able to address a bigger scope than when we talk of “investment and financial”."
}