News
CIRCULAR NO. 1 OF 2024: Implementation of Continuous Professional Development Program
Pursuant to Section 32 of the Capital Markets and Securities Act, Chapter 79 R.E 2002 (CMS Act), a person providing services in the capital markets as a dealer; dealer representative; investment advisor; investment advisor representative; nominated advisor representative; or any other market intermediary licensed by CMSA, must attend and pass Securities Industry Certification Course (SICC) conducted by CMSA in collaboration with the Chartered Institute for Securities and Investment (CISI), UK. In its endevour to develop and strengthen capital markets in Tanzania, the CMSA in collaboration with the CISI is implementing a Continuous Professional Development (CPD) Program.
OBJECTIVES OF THE CPD PROGRAM
The objective of the Program is to keep market players and professionals with the pace of global market demands in delivery of services and promoting professionalism and expertise in the capital market business. Specifically, the objectives of the CPD are to:
- Provide a platform for brokers, dealer representatives, nominated advisors, nominated advisor representatives, investment advisors, regulators, stock exchange officials and other market players to update their knowledge;
- Ensure that market professionals have sufficient understanding of capital markets in order to perform their roles in a way that contributes to making an orderly market that is fair and efficient;
- Convey an understanding of the practical skills for managing companies in the securities business in general;
- Facilitate market professionals to appreciate that securities business is the most likely to flourish in a market that enjoys the trust of both investors and issuers; and
- Bridge the gap of the increasing need for competent market professionals given the current and anticipated growth of capital market industry in the Country.
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