Regulatory Alerts2022-10-20
Capital Markets and Securities (Crowdfunding) Guidelines, 2022
Issued by the Capital Markets and Securities Authority of Tanzania, these 2022 Guidelines establish a comprehensive regulatory framework for crowdfunding by mandating operator licensing and defining eligible issuers, investors, and funding limits. Licensed operators must maintain segregated trust accounts, perform rigorous due diligence on issuers and investors, manage conflicts of interest, and ensure all fundraising stays within annual caps of USD 150,000 per issuer. The rules further impose continuous reporting obligations, standardized risk disclosures, and grant the Authority direct oversight to suspend licenses or enforce compliance, thereby safeguarding investor capital and market integrity.
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