Category: LEGISLATIVE PROPOSAL DIGEST

Legislative Proposal Digest: The Proposed Capital Markets (Amendment) Bill, 2023 by Hon. Abraham Kirwa

Introduction Digital currencies including cryptocurrencies will soon be regulated. These proposals are contained in a legislative proposal by Hon. Abraham Kirwa, Member of Parliament for Mosop Constituency. The proposed Capital Markets (Amendment) Bill, 2023 seeks to amend the Capital Markets Act, Cap. 485A to include a digital currency within the

Legislative Proposal Digest: The Proposed Banking (Amendment) Bill, 2023 by Hon. Yusuf Mohamed Farah

Introduction A legislative proposal seeking to amend the Banking Act, Cap. 488, to fill the lacunae in licensing and supervision of islamic banks or islamic financial institutions is undergoing pre-publication scrutiny before the Departmental Committee on Finance and National Planning of Kenyan Parliament. The Proposed Banking (Amendment) Bill, 2023 is

Legislative Proposal Digest: The Proposed Public Finance Management (Amendment) Bill, 2023 by Hon. John Mbadi

Incurring urgent or unforeseen expenditure pursuant to Article 223 of the Constitution will be made more stringent if a legislative proposal sponsored by Hon. John Mbadi is recommended for publication by the Departmental Committee on Finance and National Planning, published into Bill, passed by Parliament, and assented into law. The

Legislative Proposal Digest: The Proposed Public Audit (Amendment) Bill by Hon. John Waluke

Hon. John Waluke Koyi, Member of Parliament for Sirisia Constituency, has sponsored a legislative proposal- The Proposed Public Audit (Amendment) Bill, 2023– which is under consideration by Kenya National Assembly’s Departmental Committee on Finance and National Planning. The legislative proposal seeks to amend the Public Audit, 2015 to provide for

Legislative Proposal Digest: The Proposed Public Procurement and Asset Disposal (Amendment) Bill, 2023 by Hon. Elijah Memusi

Suppliers of public goods, works and services will be paid promptly. A procuring entity will be required to settle any invoice submitted by a supplier within thirty days from the date of receipt of the invoice, unless the procurement contract provides an alternative settlement date. This is if a legislative