Regulatory Alerts2019-01-01
Microfinance Regulations (Social Microfinance Groups) of 2019
Issued by the Attorney General's Office of Tanzania under the Microfinance Act, these 2019 Regulations establish a comprehensive legal framework for Social Microfinance Groups (Level 4 providers). They mandate strict registration procedures, operational governance, quarterly reporting, and consumer protection measures to ensure transparency and accountability. The Regulations further empower the Bank of Tanzania or delegated local authorities to monitor, approve, and cancel registrations while outlining clear appeal mechanisms for non-compliant groups.
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