Regulatory Alerts2023-09-19
Written Laws (Miscellaneous Amendments) (No. 3) Act, 2022
The Parliament of Tanzania enacted this Act to amend core legislation governing antiquities, banking, capital markets, mining, and national museums. The amendments standardize institutional leadership by substituting "Director" with "Director General," mandate prescribed capital and liquidity ratios for financial institutions, and require securities issuers to ensure minority shareholder representation on their boards. Furthermore, the law establishes primary processing licences and strategic prospecting procedures for mining operations while defining the functions and declaration process for national museums.
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