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{
    "id": 939125,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/939125/?format=api",
    "text_counter": 192,
    "type": "speech",
    "speaker_name": "Tharaka, JP",
    "speaker_title": "Hon. George Gitonga",
    "speaker": {
        "id": 13491,
        "legal_name": "George Gitonga Murugara",
        "slug": "george-gitonga-murugara"
    },
    "content": "On the 21st June 2019 and on the 2nd July 2019, the Principal Secretary for the National Treasury and Planning submitted a total of 14 pieces of legislation, being statutory instruments, relating to the 2019/2020 Financial Year. These were actually in the Budget and they were tabled before the National Assembly. The regulations were subsequently committed to the Committee on Delegated Legislation on 21st June and the 4th July 2019. I do emphasise that the Committee, pursuant to its mandate, scrutinised all those 14 pieces of legislation and pursuant to the law that the Committee works under, specifically Section 16 of the Statutory Instruments Act, decisions were made on those 14 pieces of legislation. For the information of the House, the following were the regulations that were approved: (a) The Insurance (Valuation of Technical Provisions) Regulation. (b) The Insurance (Capital Adequacy) (Amendment) Guidelines. (c) The Tax Procedures (Unassembled Motor Vehicles and Trailers) Regulations; (d) The Miscellaneous Fees and Levies (Forms) Regulations. (e) The Value Added Tax (Amendment) Regulations of 2019. (f) The Retirement Benefits (Umbrella Retirement Benefits Schemes) (Amendment) Regulations. (g) The Retirement Benefits (Individual Retirement Benefits Schemes). (h) The Public Finance Management (National Government) (Amendment) Regulations. (i) The Insurance (Policy Holders Compensation Fund) (Amendment) Regulations. (j) The Insurance (Amendment) Regulations 2019. (k) The Excise Duty (Amendment) Regulations 2019, and (l) The Capital Markets Securities (Public Offers) (Listings and Disclosures) (Amendment) Regulations, 2019. Pursuant to Section 16 of the Act, the Committee held a meeting with the regulation- making authority on the 19th of August 2019 in Mombasa, where the regulation-making authority made a presentation to the Committee on the proposed changes in the various regulations. The electronic version of the Official Hansard Report is for information purposes only. Acertified version of this Report can be obtained from the Hansard Editor."
}