Regulatory Alerts2024-09-04
Capital Markets and Securities (Private Equity and Venture Capital) Regulations, 2024
The Capital Markets and Securities Authority of Tanzania has issued the 2024 Private Equity and Venture Capital Regulations to establish a comprehensive licensing and operational framework for PE and VC businesses operating through equity and debt issuance. The rules mandate rigorous eligibility criteria, a forty-five-day application evaluation process, and specific investment allocation limits for both venture capital and private equity funds, while restricting public offerings to sophisticated investors. Fund managers must maintain strict fiduciary duties, conduct annual independent valuations, and fulfill continuous reporting obligations to ensure investor protection and foster Tanzania’s startup and innovation ecosystem.
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