Regulatory Alerts2024-02-01
Capital Markets and Securities (Accounting and Financial Requirements) Regulations, 1996
The Tanzanian government issued these regulations under the Capital Markets and Securities Act to establish mandatory accounting, financial reporting, and capital standards for licensed dealers and investment advisers. Dealers must maintain up-to-date accounting records with clear audit trails, segregate customer funds in licensed bank accounts on trust, and submit annually audited financial statements adhering to prescribed balance sheet and profit and loss formats. The regulations mandate minimum net capital and liquidity margins, require auditors to verify compliance with accounting and segregation rules, and impose immediate notification or trading suspension obligations when financial thresholds are breached.
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