Entry Instance

HTTP 200 OK
Allow: GET, PUT, PATCH, DELETE, HEAD, OPTIONS
Content-Type: application/json
Vary: Accept

{
    "id": 981983,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/981983/?format=api",
    "text_counter": 384,
    "type": "speech",
    "speaker_name": "Sen. Pareno",
    "speaker_title": "",
    "speaker": {
        "id": 13180,
        "legal_name": "Judith Ramaita Pareno",
        "slug": "judith-ramaita-pareno"
    },
    "content": "The amendment in Clause 3 of the Bill is meant to determine the suitability of those that can run a SACCO society. Section 48(2) states that the Authority shall, in determining if a person is suitable and proper to serve as a director or an officer of the SACCO society consider the following- (a) the financial status of solvency of the person. That is relevant because you are going to handle people’s money. If you are a broke person, I suppose this disqualifies you (b) the academic or other qualifications or experiences of the person, having regard to the nature of the functions which the person shall perform; It is natural that you should know the kind of experience that this person has and whether he is suitable for that position. (c) status of any other licence or approval granted to p3erson by any financial sector regulator. This clearly shows that there is something missing that we need to address as a mischief. What we are addressing in this provision is so that you are regulated and vetted. The people who handle money should be experts in that field. (d) the ability of the person to carry on the regulated activity competently. This spells out the competency of the person who will have to be a director of a co-operative society. The electronic version of the Senate Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor, Senate."
}