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The Office of the Controller of Budget is expected to investigate the matter the financial performance of a State organ or entity after which prepare and present a report on the matter to Parliament which will be used to approve or renew the decision to stop transfer of funds to a State organ or public entity as provided for under Article 225 ...
The Kenya Law Reports are the official law reports of the Republic of Kenya which may be cited in proceedings in all courts of Kenya (section 21 of the Act). The enactment of the National Council for Law Reporting Act arose from the need to bridge the gap that existed in official law reporting and to institutionalize law reporting within Kenya's government structure.
An audit report shall confirm whether or not public money has been applied lawfully and in an effective way. Audit reports shall be submitted to Parliament or the relevant county assembly Within three months after receiving an audit report, Parliament or the county assembly shall debate and consider the report and take appropriate action.
The Capital Markets Authority of Kenya (CMA) is a government financial regulatory entity responsible for supervising, licensing and monitoring the activities of the capital markets within the Republic of Kenya, market intermediaries, including the stock exchange, and the central depository and settlement system and all other persons licensed under the Capital Markets Act of Kenya.
On 24 June, lawmakers met at the Parliament of Kenya and Parliament approved the finance bill despite the protests. It was expected to be presented on 27 June to President William Ruto to sign into law. However, on 26 June 2024, Parliament of Kenya was stormed by the protestors, [28] [29] resulting in deaths and injuries. [30]
Kenyan lawmakers plan to launch impeachment proceedings against Deputy President Rigathi Gachagua, accusing him of undermining the government, parliament's majority leader said, reflecting a ...
[20] [21] Kenya's independent policing review body, the Independent Policing Oversight Authority (IPOA), launched a probe into the fatal police shooting of protesters with live ammunitions during the 20 June protests. [36] On 25 June, protestors stormed the Parliament in Nairobi after the law was approved. Nineteen people were shot dead by police.
Financial law forms a substantial portion of commercial law, and notably a substantial proportion of the global economy, and legal billables are dependent on sound and clear legal policy pertaining to financial transactions. [2] [3] [4] Therefore financial law as the law for financial industries involves public and private law matters. [5]