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{
    "id": 881252,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/881252/?format=api",
    "text_counter": 128,
    "type": "speech",
    "speaker_name": "Uasin Gishu CWR, JP",
    "speaker_title": "Hon. (Ms.) Gladys Boss Shollei",
    "speaker": {
        "id": 13278,
        "legal_name": "Gladys Jepkosgei-boss Shollei",
        "slug": "gladys-jepkosgei-boss-shollei"
    },
    "content": "It is true, as set out by the Chair of the Departmental Committee on Finance and National Planning, that the Finance Act is clear that within 30 days of the Finance Act coming into effect, the CBK Governor should have submitted regulations to this House for scrutiny by the Committee on Delegated Legislation. This is set out in the Statutory Instruments Act. This has not been done. The Committee has noted that the Governor was appearing before the Committee on Finance and National Planning. We waited for the Committee to deal with it. I think he has assisted us in the work we are going to do going forward, considering the statements that he has made. First of all, it is important for the Governor of the CBK to note that he is required by law to submit the regulations to the House. The regulations will then be tabled before the Committee on Delegated Legislation. Even if it is a legal notice or guideline, they are required to come before the Committee on Delegated Legislation. That is very clear under the Statutory Instruments Act. So, the Governor of the CBK cannot also hide under international conventions and other regulations of international anti-money laundering laws. If Kenya has signed those conventions, they are required to be domesticated under our regulations or an Act of Parliament."
}