Regulatory Alerts2021-01-01
Social Security Schemes Investment Guidelines 2021
Issued by the Bank of Tanzania, these guidelines establish comprehensive investment policies, categories, and exposure limits for all mandatory and supplementary social security schemes operating in Tanzania. The regulations mandate Boards of Trustees to formulate written policies, diversify portfolios across prescribed asset classes such as government securities and real estate, and engage registered fund managers and custodians to ensure safety, yield, and liquidity. Furthermore, the framework enforces strict reporting deadlines to the Bank and Regulatory Authority, imposes daily monetary penalties for late or incorrect submissions, and authorizes sanctions including fines and director disqualification for non-compliance.
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