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 upholds a sound and progressive capital markets sector in Tanzania through market development and supervision initiatives. Market development initiatives include the development of capital market products and services, investor and public awareness programmes, and professional certification programmes for market intermediaries. Market supervision initiatives include surveillance of trading operations at the Dar es Salaam Stock Exchange (DSE) and the Tanzania Mercantile Exchange (TMX), as well as close monitoring of the conduct of market players and intermediaries to promote transparency and fair dealing.
In pursuit of its mission and vision, CMSA formulates strategic initiatives to support the mobilization of long-term financial resources and their efficient allocation to productive sectors. Strategic initiatives for the 2021/2022 financial year enabled CMSA to make significant progress, including implementation of measures under the National Financial Sector Development Master Plan (NFSDMP) 2020/21-2029/30. The NFSDMP provides avenues through which the Government can use capital markets as an alternative financing option for development projects.
Additional initiatives flow from the CMSA Strategic Plan 2018/19-2022/23 and are aligned with the NFSDMP. These include increasing the number and diversity of capital market products and services, strengthening the institutional and technical capabilities of market participants, improving the intermediary environment, enhancing capital markets legislation, and expanding financial inclusion and literacy through investor and public awareness programmes.
CMSA will continue implementing the NFSDMP as part of building a more resilient, competitive and dynamic financial system that supports economic development and growth. At the same time, CMSA will maintain adequate risk management tools in line with international standards and principles for securities regulation as set by the International Organization of Securities Commissions (IOSCO). Periodic capital markets assessments against IOSCO objectives and principles help strengthen investor confidence and uphold the integrity of Tanzania's capital market.