The Capital Markets and Securities Authority (CMSA) became operational in the 1995/1996 Financial Year. The establishment of CMSA followed comprehensive financial sector reforms in the early 1990s aimed at developing, among others, capital markets in Tanzania. The development of capital markets enables provision of an appropriate mechanism for mobilizing long-term savings and ensuring efficient allocation of resources to productive sectors, thereby stimulating economic growth.

The capital market in Tanzania is governed by the Capital Markets and Securities Act, Chapter 79 R.E. 2002 (CMS Act), supplemented by 19 Regulations and Guidelines governing various aspects of the capital markets. Following the enactment of the Commodity Exchanges Act 2015, the CMSA is also mandated to supervise, develop, and regulate commodity exchanges in Tanzania, supplemented by the Commodity Exchanges Regulations, 2016.

Functions of the CMSA

• Promote and develop efficient and sustainable capital markets and securities business in Tanzania while ensuring fair and equitable dealings.
• Formulate principles for the guidance of the industry, protection of investors’ interests, and integrity of the securities market against any abuses.
• License and regulate stock and commodity exchanges, dealers, brokers and their representatives, and investment advisors.
• Advise the Government on policies and all matters relating to the securities and commodity markets industry.

Our Vision

To be a professional regulator of capital markets that meet international standards of inclusion and investor protection.

Our Mission

To create an enabling environment for the development and maintenance of a fair, inclusive, efficient, transparent, innovative, and sustainable capital and commodity markets which fuel economic growth.