The Banking and Financial Institutions (Corporate Governance) (Amendment) Regulations, 2023

This section names the regulations and says they are to be read together with the 2021 principal Regulations.

AI-assisted research synopsis — verify against the official legal text below.

Jurisdiction: Tanzania
Instrument: Regulation
Citation: The Banking and Financial Institutions (Corporate Governance) (Amendment) Regulations, 2023
Version: Undated source snapshot
Language: en
Official source: View official record ↗

financial institutions financial regulation regulatory amendment regulatory definitions

Statute overview

About this statute

This section names the regulations and says they are to be read together with the 2021 principal Regulations. This section amends the principal Regulations by removing one phrase from the definition of “executive director” and replacing “director” with “person” in the definition of “non-executive director”. This section amends regulation 53 to add a rule that suspension continues until the non-compliance causing it has been rectified.

Read the provisions Ask with citations

Search within this statute

Search all stored provisions in this version.

Legal text

Provisions of The Banking and Financial Institutions (Corporate Governance) (Amendment) Regulations, 2023

Showing 3 of 3

1
These Regulations may be cited as the Banking and
Verify source ↗

AI-assisted research summary: This section names the regulations and says they are to be read together with the 2021 principal Regulations.

1. These Regulations may be cited as the Banking and Financial Institutions (Corporate Governance) (Amendment) Regulations, 2023 and shall be read as one with the Banking and Financial Institutions (Corporate Governance) Regulations 2021 hereinafter referred to as the “principal Regulations”. Amendment of regulation 2 2, by -
2
The principal Regulations are amended in regulation
Verify source ↗

AI-assisted research summary: This section amends the principal Regulations by removing one phrase from the definition of “executive director” and replacing “director” with “person” in the definition of “non-executive director”.

2. The principal Regulations are amended in regulation (a) deleting the words “or any its subsidiaries or affiliates” appearing in the definition of the term “executive director”; and (b) deleting the word “director” appearing the definition of the term “non-executive director” and substituting for it the word “person”. in Amendment of regulation 53
3
The principal Regulations are amended in regulation
Verify source ↗

AI-assisted research summary: This section amends regulation 53 to add a rule that suspension continues until the non-compliance causing it has been rectified.

3. The principal Regulations are amended in regulation 53 by adding immediately after subregulation (2) the following- to under “(3) The subregulation (1) shall continue to be in force until where the bank, financial institution, director, officer or employee has rectified the non- compliance which led to the suspension.”. suspension referred Dar es salaam, 6th July, 2023 EMMANUEL M. TUTUBA Governor

Provision text is displayed from LexChat’s stored statute record. Use the official source links to verify amendments, commencement, and current legal force.

About this LexChat collection

Publisher and coverage

LexChat is published by Esheria. Coverage reflects the legislation currently mapped from identified source collections; it may be incomplete, delayed, or later corrected. The official source controls where it differs from this research page.

AI and research method

AI-generated material is explicitly labelled and published only through LexChat's quality controls. It is a research aid, not the source document.

Corrections and reporting

Report a source mismatch, factual issue, personal-data concern, or licensing question to support@esheria.co.ke. Include this page's URL and the supporting official source so the record can be reviewed, corrected, restricted, or withdrawn.

Legal-information disclaimer

LexChat provides legal information and research tools, not legal advice. Verify currency, status, citations, and jurisdiction with authoritative sources and a qualified professional where appropriate.

The Banking and Financial Institutions (Corporate Governance) (Amendment) Regulations, 2023

About this statute

Search within this statute

Provisions of The Banking and Financial Institutions (Corporate Governance) (Amendment) Regulations, 2023

Ask AI about this statute

Sign in to ask AI about this statute