EASRA is comprised of the Capital Markets Authority Kenya (CMA (K)), Capital Markets Authority Uganda (CMA (U)) and the Capital Markets and Securities Authority in Tanzania (CMSA). It was established on 5th March 1997 through the signing of a Memorandum of Understanding (MOU) formally establishing a framework for mutual cooperation in the area of capital markets development and with a mission to facilitate the harmonization of securities laws among the East African member states and to promote information sharing and cooperation among the members. EASRA intends to provide mutual assistance to its member states in; the development of capital markets institutions, exchanging information to facilitate the enforcement of their respective laws and regulations, cross border surveillance, public education awareness, co-ordination on technical assistance and promotion of regional consultancies. This is done through three standing committees which are each charged with the task spelt out under the committee name. These are:
The formation of EASRA was based on the premise;
CISNA forms part of the Trade, Industry, Finance and Investment Directorate with the Southern African Development Community (SADC) and reports to the SADC Committee of Ministers of Finance and Investment through the Committee for Senior Treasury Officials. CISNA was established in 1998. It consists of the non-banking financial institution authorities, namely, capital markets, collective investment schemes, insurance companies, retirement funds and providers of intermediary services in the SADC.CISNA's Vision and MissionCISNA's Vision is to facilitate the development and implementation of a harmonised, risk based regulatory framework for member states in SADC that enables market growth and development, reduces the potential for systemic risk, informs and protects consumers, mobilises capital flows and contributes to prosperity in the region.CISNA's Mission is to achieve its vision through a process of co-operation, exchange of information and engagement between regional regulators. This process will be directed towards;
A FATF-style regional body founded in August 1999.The purpose of the group is to combat money laundering and terrorism financing by implementing the FATF Recommendations.The group's efforts are aimed at cooperation with other international organizations concerned with combating money laundering and terrorist financing as well as studying and researching regional typologies and coordinating technical assistance.Organizational structure of the ESAAMLG
All of the group's major decisions are made at the meeting of the Ministerial Council, which meets at least once a year.Member states:Botswana;Kenya;Lesotho;Malawi;Mauritius;Mozambique;Namibia;Seychelles;South Africa;Swaziland;Tanzania;Uganda;Zambia;Zimbabwe.Observers:FATF;Asia-Pacific Group on Money Laundering;Caribbean Financial Action Task Force against Money Laundering (CFATF);Commonwealth Secretariat;Egmont Group of Financial Intelligence Units;Interpol;United States;UN Office on Drugs and Crime;World Bank.
The International Organization of Securities Commissions (IOSCO) has its headquarters in Madrid and has approximately 140 members. The three objectives upon which IOSCO's securities regulation is based are the protection of investors, ensuring that markets are fair, efficient and transparent and the reduction of systemic risk. The benefits of IOSCO membership include information exchange at an international level, mutual legal assistance through a multilateral MOU, setting regulatory standards and best practice, resource persons for training, lower registration fees to events and market recognition. Tanzania is a member of IOSCO. The member agencies in the International Organization of Securities Commissions have resolved, through its permanent structures: