Update BRP Country Manual Products
Tanzania
without License out of Service Provider’s Country of Establishment (DEF, RO & BT)
| SOURCE OF CHANGES | ANSWERS |
|---|---|
| Law/Regulation | No |
| New Position of the Authorities | No |
| Evolution of Expert’s interpretation | No |
Definitions & Concepts, Regulatory Overview and Behaviour Template
The Country Manual has been reviewed to ensure that the content of all the documents remain accurate and up to date.
Material changes
The provision of investment advice generally triggers the “local distribution rules” and local licensing requirements. However, an exemption is made in relation to ongoing advice provided within the framework of a written advisory agreement (i) that has been requested on the investor’s own initiative and (ii) covering the relevant financial product(s). In order to better highlight these two conditions, the CM P BT now answers the relevant cross-broder scenarios with “Grey zone/YES”.
Non-material changes
Some comments and content have been slightly reworded in the CM, without introducing substantive changes to reflect the regulatory situation/current interpretation of the regulatory framework more accurately.
For more information, please contact us: info@brpsa.com
Geneva, August 28th, 2025