EALA passes bill to set up financial services commission for EAC

A past session of East African Legislative Assembly

A past session of East African Legislative Assembly. The regional assembly has passed a bill for the establishment of the East African Financial Services Commission as an institution of the community. PHOTO | FILE | NMG

The East African Legislative Assembly (EALA) has passed a bill for the establishment of the East African Financial Services Commission as an institution of the community.

“This is one of the legacy bills this House has passed. It’s a bill that touches directly on a pillar of our integration. Therefore, we hope that the remaining step to assent by the heads of state will not be delayed,” said the EALA Speaker Martin Ngoga after the bill was passed.