Regulatory Alerts2014-01-01
The Banking and Financial Institutions (Microfinance Activities) Regulations, 2014
The Bank of Tanzania issued these 2014 regulations to establish a comprehensive operational and licensing framework for microfinance banks and other financial institutions conducting microfinance activities. The rules mandate strict pre-licensing criteria, including minimum capital deposits, fit-and-proper management assessments, and prior regulatory approval for new products or subsidiary expansions. Licensed institutions must subsequently adhere to defined prudential limits, liquidity management policies, risk classification standards, and monthly reporting obligations to ensure safe and sound financial inclusion.
Share