Government Notice No. 81 on Regulation on Financial Cooperative Societies

Tanzania

(enacted in 2005)

Government Notice No. 81 on Regulation on Financial Cooperative Societies of 2005 regulates savings and credit cooperative societies and other savings and credit schemes in Tanzania engaged in accepting savings and deposits from their members for an amount that totals or is greater than 800,000,000 shillings.

This regulation discusses:

  • Statement of Policy;
  • Licensing;
  • Capital, Reserves, and Accounts;
  • Supervision, Regulation, Coordination and Control;
  • Special Duties of Financial Cooperatives;
  • Restrictions on Financial cooperatives; and
  • Liquidation.