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{
    "id": 685210,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/685210/?format=api",
    "text_counter": 60,
    "type": "speech",
    "speaker_name": "Hon. Langat",
    "speaker_title": "",
    "speaker": {
        "id": 384,
        "legal_name": "Benjamin Kipkirui Langat",
        "slug": "benjamin-langat"
    },
    "content": "Hon. Deputy Speaker, let me proceed, but I have taken note of what Hon. Wamalwa has said. Last year, the Government removed the requirements for annual licensing for banks and instead allowed the Central Bank of Kenya (CBK) to issue non-renewable perpetual licence. In the same spirit, and to ensure Kenyans enjoy their retirement benefits, the Bill proposes to extend similar perpetual licences to institutions licensed by the Retirement Benefits Authority (RBA) through amendments to RBA Act so that you do not have to tell the fund managers that they have to renew their licences every year. Your licence can only be cancelled if you commit a crime but, if you are operating a good business, you will enjoy the licence. That is basically what the proposal proposes. I do not want to say more. I wish to thank all Hon. Members for taking keen interest in the issue and I wish to invite their comments and debates. I also want to thank Hon. Wamalwa because he has been following me very keenly. He has already raised a point of order. I request my Vice-Chair to second. I beg to move."
}