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| a) |
Review of the Capital Markets
and Securities Act, 1994: A review of the CMS Act 1994
[as amended in 1997] is being carried out so that it is in line
with developments that have taken place in the market both at
national and international levels. The review is also aimed
at harmonizing the CMS Act with IOSCO principles on achieving
compliance with IOSCO Multilateral Memorandum of Understanding. |
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| b) |
Central
Depository System: The proposed Bill is intended
to provide a legal framework for the establishment, operation
and regulation of Central Depositories in Tanzania. The Bill
also contemplates a situation where securities will eventually
be dematerialized i.e. no certificate will be needed as evidence
of title to securities, instead electronic entries in the security
depository will be adequate evidence of ownership. |
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Legislations
in Pipeline
