Regulatory Alerts2019-12-11
CMS Collective Investment Schemes Regulations
Issued by the Capital Markets and Securities Authority, these regulations establish a comprehensive regulatory framework for collective investment schemes in Tanzania. They mandate strict approval procedures, define the fiduciary duties of trustees and managers, and impose rigorous standards on constitutive documents, offering disclosures, and investment limits. The framework further governs pricing mechanisms, redemption timelines, periodic reporting obligations to the Authority and unit holders, fee structures, and advertising requirements to ensure market transparency and investor protection.
Share