The Act describes commodities to include agricultural, livestock, fishery, forestry, mining or energy goods, or products manufactured or processed from such goods. The Commodity Exchange is a market licensed by the Authority at which offers or invitations to sell, purchase or exchange commodity contracts are regularly made on a centralised basis. The Act thus provides for the business of trading in commodity contracts on a commodity exchange. The Act provides for the administration of the Capital Markets and Securities Authority (the Authority), it also provides the responsibilities and functions of the Authority with regards to commodity exchanges. Essentially, the Authority provides for the licensing of commodity exchanges and no exchange is to operate within the country without a valid licence. Exchanges are expected to run their operations within the ambit of the Act which prescribes several responsibilities, including; fairness, transparency and efficiency in the business it carries out; the prudent management of risks; among others
جمهوريّة تنزانيا المتحدة · 2015-09-18