{"id":723071,"url":"http://info.mzalendo.com/api/v0.1/hansard/entries/723071/?format=json","text_counter":173,"type":"speech","speaker_name":"Hon. Kipyegon","speaker_title":"","speaker":{"id":1453,"legal_name":"Johana Ngeno Kipyegon","slug":"johana-ngeno-kipyegon"},"content":"The Bill gives these institutions about a year before they are issued with licences. This is very important because the Authority will have opportunity to assess all the institutions that want to join as a DTSs to have a background check especially their financial instability and the kinds of activities they have been engaging with, so that the moment they are issued with licences, it will be giving them a clean bill. They can do whatever pertains to the borrowing, lending and deposit taking from their customers. It is very important for us to have a proper background check of one year, so that they are monitored before they are given licences."}