Benjamin Kipkirui Langat

All parliamentary appearances

Entries 2141 to 2150 of 2560.

• 16 Oct 2013 in National Assembly: THAT, the following new schedule be inserted immediately after the proposed new clause 8- Consequential amendments to other Acts. 8. The Acts specified in the Schedule are amended in the manner specified in that Schedule. The import of the amendment which is being sought under Clause 8 is to allow for what we call the consequential amendments. When we agreed on the amendments The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor. view
• 16 Oct 2013 in National Assembly: which affect the Microfinance Act, 2006, we realised that they are going to affect several other Acts, for example, the CBK Act, the Banking Act and the National Payment Systems Act. So, the amendments which have been in this Bill will affect so many other Acts and they are stated in the Schedule below. view
• 16 Oct 2013 in National Assembly: Hon. Temporary Deputy Chairperson, I beg to move:- THAT, the following new Schedule be inserted immediately after the proposed new clause 8— view
• 16 Oct 2013 in National Assembly: Hon. Temporary Deputy Chairlady, the next one is the amendment to the Central Bank of Kenya Act. Basically, what we are doing is to allow the microfinance banks to participate in foreign exchange transactions, which I had explained earlier were initially prohibited. So, it is to harmonize so that where it was prohibited, we are giving them that power so that it is in line with the microfinance Act, the Banking Act and now the Central Bank Act. The amendment is meant to allow microfinance The electronic version of the Official Hansard Report is for information purposesonly. A certified version ... view
• 16 Oct 2013 in National Assembly: institutions to trade or to be included as dealers so that they can operate and engage in foreign exchange dealings. I have additional amendments which I want to read for record so that we align the Microfinance Act, the Banking Act and the Central Bank of Kenya Act. Therefore, those are the issues. There is also the amendment to the National Payments Systems Act which initially was defining a business day in terms of the banks only, excluding the--- view
• 16 Oct 2013 in National Assembly: Hon. Temporary Deputy Chairlady, let me read the additional amendments, for record purposes, which will affect the Central Bank of Kenya Act. view
• 16 Oct 2013 in National Assembly: Hon. Temporary Deputy Chairlady, I beg to move:- THAT, section 2 of the Central Bank of Kenya Act be amended by inserting the following new definition in the alphabetical order: view
• 16 Oct 2013 in National Assembly: “specified microfinance bank” means a licensed microfinance bank within the meaning of the Microfinance Act, 2006 which is specified by the Bank for the purposes of this Act. Since microfinance banks are going to carry on business authorized under the Central Bank of Kenya Act, it is necessary to specify microfinance bank for purposes of the Central Bank of Kenya Act. So, the effect of that now is to include microfinance banks as part of those institutions which have been specified to carry out businesses which are licensed under the Central Bank of Kenya Act. So, that is all about ... view
• 16 Oct 2013 in National Assembly: THAT, section 34 of the Central Bank of Kenya Act be amended by deleting subsection (3) and substituting therefor the following new subsection: view
• 16 Oct 2013 in National Assembly: (3) For the purposes of this section “institution” includes:- view