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What you Need to Know About the Banking (Amendment) Bill 2015

The National assembly has passed The Banking (Amendment) Bill, 2015 and sent it to the president of Kenya as required by article 115 of the Constitution of Kenya. This legislative procedure leaves the president with three main options namely, to quickly assent to the bill and ensure that it becomes law, to refer the bill back to parliament by noting any reservations or to stay the issue for 14 days and have the bill pass into law without any comment or direct assent to it.

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