Welcome to the Capital Markets and Securities Authority (CMSA) Tanzania. The capital market in Tanzania is governed by the Capital Markets and Securities Act, Chapter 79 R.E. 2002 (CMS Act). The CMS Act is supplemented by 19 Regulations and Guidelines governing various aspects of the capital markets.
CMSA is also mandated to supervise, develop and regulate commodity exchanges in Tanzania. The Commodity Exchanges Act 2015 is supplemented by the Commodity Exchanges Regulations, 2016.
CMSA uphold a sound and progressive capital markets sector in Tanzania through both market development and supervision initiatives. Market development initiatives include development of capital market products and services; conducting investor and public awareness programmes and professional certification programmes for market intermediaries. Market supervision initiatives involves surveillance of the trading operations at exchanges - Dar es Salaam Stock Exchange (DSE) and Tanzania Mercantile Exchange (TMX) as well as close monitoring of the conduct of all market players and intermediaries to ensure transparency and fair-dealings.
In the endeavor to accomplish our mission and vision, strategic initiatives are formulated to enable provision of appropriate mechanism for mobilizing long term financial resources and ensuring their efficient allocation to productive sectors. Strategic initiatives for the financial year 2021/2022 have enabled CMSA to accomplish major strides including implementation of initiatives under the National Financial Sector Development Master Plan (NFSDMP) 2020/21-2029/30. The NFSDMP provides avenues in which the Government utilise the capital markets as one of the alternative financing options in resources mobilization for implementation of development projects.
Other strategic initiatives emanates from the CMSA Strategic Plan 2018/19 – 2022/23 which are strategically designed to align with initiatives under the NFSDMP. The initiatives include increasing the number and diversity of capital markets products and services; strengthening the institutional and technical capabilities of capital markets participants; strengthening the capital markets intermediary environment; initiatives to improve the capital markets legislation; and improve financial inclusion and literacy by implementing various investors and public awareness programmes.
CMSA will continue with efforts geared towards implementation of the NFSDMP which acts as a mechanism towards development of a more resilient, competitive and dynamic financial system that supports and contributes positively to the development and growth of the economy.
Parallel to implementation of initiatives under the NFSDMP, CMSA will continue to ensure maintenance of adequate risk management tools in compliance with international standards and principles for securities regulation as specified by the International Organization of Securities Commission (IOSCO). CMSA will also maintain the conduct of capital markets periodic assessment in compliance with IOSCO principles and objectives for securities market regulations. Compliance with IOSCO objectives and principles provide investors’ confidence and upholding integrity of the Tanzanian capital market.