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APPLICATION FOR SECURITIES INDUSTRY CERTIFICATION COURSE (SICC) 2023 IS NOW OPEN
SECURITIES INDUSTRY CERTIFICATION COURSE (SICC)
17TH APRIL TO 31st MAY 2023 AT THE CMSA TRAINING CENTRE, GARDEN AVENUE TOWER, 6TH FLOOR, OHIO STREET/GARDEN AVENUE, DAR ES SALAAM
The Capital Markets and Securities Authority (CMSA) was established by the Capital Markets and Securities Act, 1994 (Cap. 79) and is charged with the responsibilities for developing and regulating capital markets in Tanzania. According to the Capital Markets and Securities Act (CMS Act), CMSA is charged with responsibilities of promoting and facilitating the development of an orderly, efficient and sustainable capital markets and securities business in Tanzania while ensuring fair and equitable dealings. CMSA licenses and regulates investment intermediaries, commodities traders and approves issuers of securities to the public and commodity contracts among other duties.
Pursuant to Section 32 of the CMS Act, a person intending to work as a Dealer; a Dealers Representative, an Investment Adviser; an Investment Adviser’s Representative; Nominated Advisors Representative (NARs) or any other market intermediary, must have CMSA’s Certification.
In its endevour to develop and strengthen capital markets in Tanzania, the CMSA in collaboration with the Chartered Institute for Securities and Investment (CISI), UK will conduct the Securities Industry Certification Course (SICC) as detailed below.
OBJECTIVES OF THE COURSE
The objective of the course is to train market players and professionals to keep pace with the global market demands in delivery of services and promoting professionalism and expertise in the capital market business. Specifically, the objectives of the SICC are to:-
i) Deliver a training programme to potential brokers, dealers representatives, Nominated Advisors (NOMADs), NARs, investment advisers, regulators, stock exchange officials and other market players;
ii) Ensure that trainees have sufficient understanding of capital markets and business in the Enterprise Growth Market (EGM) segment in order to perform their roles in a way that contributes to making an orderly market that is fair and efficient;
iii) Convey an understanding of the basic and practical requirements for managing EGM companies and securities business;
iv) Help trainees appreciate that securities business is the most likely to flourish in a market that enjoys the trust of both investors and issuers.
v) Bridge the gap of the increasing need of market professionals given the current and anticipated growth of capital market industry in the Country.