Regulatory Alerts2019-12-11
Capital Markets and Securities (Foreign Companies Public Offers Eligibility and Cross Listing Requirements) Amendment Regulations, 2005
The Capital Markets and Securities Authority of Tanzania issued these 2005 amendment regulations to establish eligibility criteria and procedural requirements for foreign companies making public offers or cross-listing securities on Tanzanian stock exchanges. Foreign issuers must satisfy home-jurisdiction legal equivalence, maintain specified capital and asset thresholds, secure relevant regulatory memoranda of understanding, and engage licensed Tanzanian professional advisors. The regulations mandate the submission of a comprehensive, Authority-approved Information Memorandum detailing corporate governance, financial statements, risk factors, and shareholder rights to facilitate market admission.
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