ZEP-RE Bill - Proposed amendment to meet President's reservation

From National Assembly Order Paper for Wednesday 21st June 2017. 

 

Notice of Amendments

ZEP - RE (Membership of Zimbabwe and Branch Office Agreement) Bill, (H.B. 9, 2016)

Long Title

By The Minister of Finance and Economic Development:

On page 1 of the Bill, after the long title, insert a heading titled “Preamble.”

On page 1 of the Bill, delete the recitals and substitute with the following-

“WHEREAS the Agreement for the Establishment of the ZEP-RE (PTA Reinsurance Company) (hereinafter called “the Company”) was concluded on November 23, 1990, among member states of the Preferential Trade Area (PTA) (now the Common Market for Eastern and Southern Africa), including Zimbabwe, by virtue of which Zimbabwe is a member;

AND WHEREAS the PTA Authority, at its tenth meeting, took the decision that the Company commence operations on September 1, 1992;

AND WHEREAS for the purposes of regulating matters relating to legal capacity, privileges and immunities of the Company granted pursuant to Article 40 of the agreement establishing the Company;

“NOW, THEREFORE, be it enacted by the Parliament and President of Zimbabwe:

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