(i) Ensure compliance of licensed SACCOS to Cooperative societies Legislation;
(ii) Issue license to qualified SACCOS;
(iii) Perform off—site and on—site supervision of Licensed SACCOS;
(iv) Approve licensed SACCOS branch formation and relocation of business places;
(v) Approve the Licensed SACCOS to open or operate agencies or outlets;
(vi) Place Licensed SACCOS under statutory management for non- compliance with relevant legislation; (vii) Administer supervisory sanctions or penalties for non-compliant Licensed SACCOS with relevant legislation;
(viii) Recommend on appointment of board members of cooperative banks;
(ix) Provide advisory and technical support to the cooperative banks;
(x) Liaise with the Bank of Tanzania and other relevant authorities on performance of cooperative banks and licensed SACCOS;
(xi) ldentify and recommend areas that require review on Policies, Act, Regulations and Guidelines on registered SACCOS and monitor their implementation;
(xii) Oversee enforcement of SACCOS Regulations and ensure their compliance;
(xiii) Oversee off—site and on—site supervision of registered SACCOS;
(xiv) Oversee enforcement of supervision sanctions or penalties to non- complying registered SACCOS;
(xv) Coordinate collection of off-site and on—site supervisory reports of registered SACCOS;
(xvi) Monitor members’ shares, assets protection and good governance; and
(xvii) Oversee accounts and operations of liquidators of registered SACCOS.
