The Capital Markets and Securities Act (Cap. 76) requires the issuer to engage a legal consultant to undertake due diligence for the issuer for the purposes of bond issuance. The prospective Law firm will be part of the team of consultants for the TMRC Bond issue led by the sponsoring brokers and transaction advisers, who are assigned to prepare the Information Memorandum (IM). 

The firm will ensure that the IM is in compliance with the Capital Markets and Securities Act, Companies Act, Banking and Financial Institutions Act and any other legislation before the IM is submitted to Capital Markets and Securities and Dar es salaam Stock Exchange for approvals.