Frequently Asked Questions
It is an independent legal body in the United Republic of Tanzania that is mandated to resolve disputes relating to the capital markets sector. It is established under the Capital Markets and Securities Act (Cap. 79) to ensure that everyone participating in the capital markets —investors, brok...
It is an independent legal body that promotes fairness and trust in Tanzania’s capital markets. It resolves disputes among investors, brokers, listed companies, and regulators, and reviews appeals against decisions made by the regulator or authority. In short, it is a special court mandated to...
No. CMT is a quasi-judicial body that resolves disputes and reviews appeals related to the capital markets. DSE is a marketplace where securities like shares/equities, bonds/debt securities, and units of collective investment schemes are bought and sold. UTT is an investment institution that manages...
They come from individuals or institutions who are not satisfied with decisions made by the Regulator/Authority or who are involved in disputes within the capital markets.
Licensing issues (denial, suspension, revocation of a license);
Securities disputes (refusal to list, suspension of trading, delisting).
Conflicts between market participants (E.g., brokers v. clients, listed companies v. regulators).
Interpretations of capital market laws and regulations.
Yes, decisions made by the Capital Markets Tribunal (CMT) can be appealed to the Court of Appeal Tanzania; but only on points of law, not on the facts of the case.
File a notice of intention to appeal within 7 days of the Regulator’s decision being contested.
Submit a statement of appeal with supporting documents within 30 days from the contested decision.
Yes. Once the Tribunal issues a decision, it can be turned into a formal decree, signed by either the Chairperson or Registrar, and executed according to the Civil Procedure Code (Cap. 33).
It has power to impose penalties or remedies, authorize enforcement actions or ensure compliance with its rulings.
If someone refuses to comply, the Tribunal can take legal steps to make sure the decision is carried out, just like a regular court.