Aden Bare Duale

All parliamentary appearances

Entries 4541 to 4550 of 17810.

• 28 Nov 2018 in National Assembly: Clause 4 of the Bill proposes to amend Section 13B of the Capital Markers Act in order to satisfactorily sanction any contravention that may lead to acquisition of any illicit gains and to further provide sufficient powers to the Capital Markets Authority to impose interim measures to ensure real time enforcement. As the capital markets do their business, integrity must always be at the highest level. So, in the event there is an illicit gain at the stock exchange, the Authority must be in a position to impose interim measures to ensure that there is real time enforcement. view
• 28 Nov 2018 in National Assembly: Clause 5 of the Bill proposes to amend Section 18 of the Capital Markets Act so as to enhance investor protection by providing compensation to persons who provide new and timely information on any violation relating to securities. So, Clause 5 amends Section 18 to give investors protection where they give compensations to any person who assists the Authority to provide timely information when any violation relating to the securities occurs. This clause also provides for the administration of the Investor Compensation Fund to be done by the Authority. So, there will be an administrator to be in charge of ... view
• 28 Nov 2018 in National Assembly: Clause 6 of the Bill proposes to repeal Section 18A of the Capital Markets Act to remove the board that was established to manage the Compensation Fund. So, it removes the board in order to provide an effective and efficient administration of this Fund whose administrator or administration will be now under the Authority as opposed to having a separate body to manage Compensation Fund. view
• 28 Nov 2018 in National Assembly: Clause 7 of the Bill seeks to enhance measures to deal with fraud ranging from embezzlement of funds of listed companies by ensuring that employees and senior management of listed companies are subject to administrative sanctions when fraud takes place. The moment a company is listed, its administrators and top managers are under obligation to live to that integrity. view
• 28 Nov 2018 in National Assembly: Clause 8 of the Bill proposes to provide the Authority with the power to address any financial disclosure. It was not there before. All those listed in the stock exchange will now be required to make financial disclosure. They must disclose their accounting procedures. If they are involved in fraud one way or another, that makes them lose investor protection. Clauses 9 and 10, which are amongst the last clauses of the Bill, propose to introduce new Sections 31JA and 32KA respectively in the Capital Markets Act in order to create certain offences like front running and obtaining gain by ... view
• 28 Nov 2018 in National Assembly: On a point of order, Hon. Temporary Deputy Speaker. view
• 28 Nov 2018 in National Assembly: Hon. Temporary Deputy Speaker, the House time is from 2.30 p.m. to 7.00 p.m. Members must be here. If you watch the House of Commons, there are times they are only five Members but because the Insurance Bill is important and we are only left with 10 minutes, I want to indulge the Chair that we either move it tomorrow morning when the House is full or tomorrow afternoon. This is a Bill that belongs to the Chair of the Departmental Committee on Finance and National Planning and he can comment on it. view
• 28 Nov 2018 in National Assembly: This Bill is properly before the Departmental Committee on Finance and National Planning. There are specific Bills that came with the Cabinet Secretary for the National Treasury. The Insurance Bill, the Capital Markets Authority Bill and the SACCO Societies Bill are among them. So, the SACCO Societies Bill belongs to the Departmental Committee on Finance and National Planning. This is different from the other SACCO Bills which are in the House and which the Departmental Committee on Trade, Industry and Co-operatives is dealing with. So, the Chair should tell us whether he will move it tomorrow or the day after ... view
• 28 Nov 2018 in National Assembly: The Chair of the Departmental Committee on Administration and National Security is busy interviewing members and commissioners of the Public Service Commission (PSC). I think I require your indulgence that we step down this Order. I am sure he will be in a position to move by tomorrow or the day after, on Tuesday. view
• 27 Nov 2018 in National Assembly: Hon. Speaker, I beg to lay the following Papers on the Table of the House: Annual Report of the Victim Protection Board for the Financial Year 2017/2018 from the Office of the Attorney-General and Department of Justice (pursuant to Section 33 of the Victim Protection Act No. 17 of 2014) . Reports of the Auditor-General on the Financial Statements in respect of the following institutions for the year ended 30th June 2017 and the certificates therein:- a. Kisii University; and b. Jaramogi Oginga Odinga University of Science and Technology. The Annual Report of the National Cohesion and Integration Commission for ... view