Regulatory Alerts2019-12-11
Capital Markets and Securities Act
The Government of Tanzania enacted this Act to establish a Capital Markets and Securities Authority that licenses dealers, investment advisers, and stock exchanges while overseeing market operations. The legislation mandates strict financial reporting, fiduciary duties, and dedicated fidelity funds to protect investors, while granting the Authority comprehensive investigative powers and court-backed enforcement mechanisms. It further regulates securities trading by prohibiting false statements, market manipulation, and insider dealing to ensure a fair and efficient capital market across mainland Tanzania and Zanzibar.
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