30 Aug 2018 in National Assembly:
Let me give further information. Currently, what we have put in legislation here is already happening. The reality is that when you go to the bank, this regulation is there requiring that you must explain where you got the money you are depositing. You must also equally explain when you are withdrawing any amount above Kshs1 million and where you are taking it. So, the regulations that are already in the bank do not have the full force of the law. We have now put it in law that the Central Bank can make regulations. We have now prescribed that ...
view
30 Aug 2018 in National Assembly:
When you make a law requiring regulations to be made, generally, we do not ask the Central Bank to make regulations. They can either make them or not. That means that customers are free to deposit or withdraw money without giving any information or they can require that you give some information. We are giving them a leeway to make regulations. However, if they make the regulations, sub-clause (2) requires that they must, within 30 days… Maybe, sub-clause (2) requires that the regulations should be brought to this House.
view
30 Aug 2018 in National Assembly:
“Shall” means that in the event that they make regulations, they must be taken through the required procedures for approval. The third one is saying, for the avoidance of doubt that, no other person shall purport to make regulations required under this section and any existing guidelines or regulations prescribing conditions on deposits or withdrawals by customers shall cease operation within 14 days.
view
30 Aug 2018 in National Assembly:
Hon. Temporary Deputy Speaker, I beg to move:
view
30 Aug 2018 in National Assembly:
THAT, taking into consideration the findings of the Departmental Committee on Finance and National Planning in their Report on the vetting of the nominees for Approval as Chairperson and Members of the Salaries and Remuneration Commission, laid on the Table of the House on Wednesday, August 29th 2018, and pursuant to the provisions of Article 250(2)(b) and Section 7(11) of the Salaries and Remuneration Commission Act, this House:
view
30 Aug 2018 in National Assembly:
(a) approves the appointment of the following to the Salaries and Remuneration Commission:
view
30 Aug 2018 in National Assembly:
(i) Ms. Lyn Cherop Mengich - Chairperson;
view
30 Aug 2018 in National Assembly:
(ii) Dr. Leah Mumbua Munyao - nominated by the Teachers Service Commission;
view
30 Aug 2018 in National Assembly:
(iii) Ms. Halima Abdille Mohammed - nominated by the Parliamentary Service Commission;
view
30 Aug 2018 in National Assembly:
(iv) Mr. John Kennedy Monyoncho - nominated by the Defence Council;
view