 |
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| The
CMSA Management |
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| 1. |
For Department
of Personnel and Administration: |
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The functions under
this department are described below:
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| • |
Designing and implementing human resources management
policies and procedures governing recruitment, placement, rewarding,
training and development and welfare service. |
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| • |
Reviewing human resources management policies and recommending
proposals related to improvement of working conditions and motivation
of the workforce. |
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Making follow up on the implementation
of human resources management policies and training plans/programmes; |
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| • |
Designing and implementing
on employee’s performance system with respect to departmental
and corporate plans; |
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| • |
Handling industrial disputes
and representing the management in industrial cases; |
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| • |
Designing and implementing a system for the provision
of general services, transport, stores, cleaning and maintenance of
assets; Procurement and storage of office supplies. |
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| 2. |
For Department of Finance
and Accounting: |
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| The functions under this department
are described below: |
| • |
Carrying out financial planning
and control; |
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| • |
Designing a computerized accounting
and reporting system for CMSA; |
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| • |
Preparing and maintaining
accounting books and records; |
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| • |
Preparing of periodic financial
reports for both internal and external; reporting; |
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Coordinating the preparation
of the annual budget of CMSA; |
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| • |
Advising on short term investment
plans for CMSA; |
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| • |
Advising the Chief Executive
Officer on all matters relating to finance and accounting; |
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| • |
Teaming up with other departments
in the evaluation of Prospectuses; |
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| • |
Providing support to the Market
Supervision Department in the analysts of the financial performance
of listed companies, Collective Investment Schemes and market professionals
including dealers/brokers and investment advisors; |
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| • |
Providing advise on the disclosure
and accounting standards requirements for the market, listed companies,
collective investment schemes and market professionals; |
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| • |
Undertaking any other duties
assigned by CEO. |
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| 3. |
For Directorate of
Legal Affairs and Enforcement: |
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| The
functions under this directorate are described below: |
| a) |
General: |
| • |
Interpreting of the CMS Act,
Regulations and other legislation; |
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| • |
Drafting of regulations and
amendments to legislation; |
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| • |
Providing legal opinions on
capital markets issues and /or issues affecting the Authority; |
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| • |
Providing legal advice on the
Authority’s compliance with pertinent laws of Tanzania in its
day to day affairs; |
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| • |
Providing legal representation
for the Authority; |
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Providing legal advisory services
to the Authority; |
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| • |
Advising the CEO on regulatory
aspects relating to policy measures/proposals; and |
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In cooperation with the Directorate
of Research, Policy, and Planning undertaking research relating to
the regulatory/ legal matters relevant to the capital markets. |
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| b) |
Board Matters: |
| • |
Providing services to the meetings
of the Authority; |
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| • |
Providing the communication
link between the Members of the Authority and the CMSA; |
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Making follow-up implementation
of decisions of the Authority. |
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| c) |
Enforcement: |
| • |
Evaluating and processing applications
for licensing or renewal of licenses of brokers, dealers, investment
advisors; |
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| • |
Issuing licenses to brokers,
dealers, dealers representatives and investment advisors; |
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| • |
Inspecting licensees; |
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Taking part in evaluation
of applications for approval of prospectuses/new issues or mergers
and acquisitions; |
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Taking part in evaluation of
applications for authorization of Collective Investment Schemes; |
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Vetting of advertisement and
or press announcements made by the CMSA; |
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| • |
Carrying out investigations
regarding breach of CMS Act, Regulations, Guidelines; |
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Facilitating the settlement
of industry disputes and/ or arbitration; |
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Enforcing the CMS Act and Regulations
by imposing the requisites penalties; |
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Assisting the CEO in issuance
and implementation of the Authority’s guidelines. |
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| 4. |
For Directorate of
Market Supervision and Market Development: |
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| a) |
Market Supervision: |
| • |
Creating and managing data
bank for the market; |
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Reviewing and Evaluating market
participants (DSE, CIS, CDS, Issuers, Brokers, etc) |
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Conducting onsite and off-site
inspection and examinations; |
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Carrying out routine inspections
of licensees to ensure compliance with the law; |
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| • |
Reviewing extent of compliance
with disclosure requirements; |
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Assessing and evaluating systems
adopted by market participants; |
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Supporting licensing of market
participants; |
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| • |
Reviewing impact of various
regulations on the market; |
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| • |
Participating in the IPO approval
process. |
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| b) |
Market Development: |
| • |
Carrying out public education
programme including published materials such as brochures designed
to enhance public knowledge on capital markets issues; |
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Participating in capacity building
for the market professionals; |
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Coordinating activities relating
to the introduction of new products in the market; |
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Coordinating activities relating
to development of the market infrastructure; |
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Coordinating activities relating
to prospectus evaluation for new issues, mergers, acquisitions and
take-overs |
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| 5. |
For Directorate of
Research, Policy and Planning |
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| c) |
Department of Research
and Policy |
| • |
Preparing Work plan (Strategic
Plan); |
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Completing/preparing annual
activity plan; |
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Preparing quarterly reports; |
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Preparing annual reports; |
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Preparing research agenda for
CMSA; |
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Coordinating research activities; |
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Publishing and disseminating
research results; |
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Preparing and coordinating
donor funded projects and projects reports; and |
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Coordinating international
cooperation activities. |
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| d) |
Department of Information
Technology |
| • |
Undertaking system analysis
at the CMSA and the market as a whole; |
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Dealing with software acquisition
and development; |
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| • |
Dealing with hardware acquisition
and maintenance. |
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| ^ top |
Organization
