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{
    "id": 844781,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/844781/?format=api",
    "text_counter": 188,
    "type": "speech",
    "speaker_name": "Kipkelion East, JP",
    "speaker_title": "Hon. Joseph Limo",
    "speaker": {
        "id": 1915,
        "legal_name": "Joseph Kirui Limo",
        "slug": "joseph-kirui-limo"
    },
    "content": "THAT, the Bill be amended by inserting the following new clauses immediately after clause 58— Insertion of 58A. The Banking Act is amended by inserting the following new new section 33C in Cap. clause immediately after clause 33B— 488. Power of Central 33B.(1)The Central Bank may prescribe, Bank to prescribe conditions on in regulations, conditions on deposits or deposits or withdrawals by customers in banks and financial withdrawals. institution. (2) The Central Bank shall prescribe the regulations under sub-section (1) within thirty days of coming into force of this section. (3) For avoidance of doubt no other person shall purport to make regulations required under this section and any existing guidelines or regulations prescribing conditions on deposits or withdrawals by customers shall cease to be operational within fourteen days of the coming into force of the regulations made under this section."
}