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"id": 860451,
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"type": "speech",
"speaker_name": "Funyula, ODM",
"speaker_title": "Hon. (Dr.) Wilberforce Oundo",
"speaker": {
"id": 13331,
"legal_name": "Wilberforce Ojiambo Oundo",
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"content": " Hon. Temporary Deputy Chairman, you will excuse me for my ignorance and you will allow me to use this as a learning process. I do not know whether this particular time, the Chair, at his own discretion, can again make a little addition to this particular amendment. This is because the intention of the Bill is to ensure that this particular document is a bankable title. For it to be a bankable title, we cannot run away from the Banking Act and the Finance Act. Is there a way the legal minds can assist us so that we link the two? Yes, it has to be licenced by the Capital Markets Authority but essentially, it must be something that can be traded or used as security for purposes of financial facility. Is there a way we can include the Banking Act? This is because facilities are issued under the Banking Act."
}