Standard Form Consumer Contracts

Fair Competition Commission (FCC) published a second notice in October 2015 that:

  1. With effect from 1 January 2016, all “standard form contracts” should be registered with the FCC and are subject for review.
  2. All standard form contracts in use, should also be submitted for registration and review by the FCC.

We understand the FCC position at the moment is that standard form contracts can still be registered with the FCC without late filing penalties or fines until a notice of fines shall be published in due course by FCC on their website.

A “standard form contract” is defined as an agreement created by one party that employs standardised, non-negotiated terms and conditions, usually in pre printed forms.

Latest News

Mortgage finance in Tanzania – new regulations
Further to the 8 February 2018 constraints for mortgage finance in Tanzania (as per Part IV Written Laws (Miscellaneous Amendments) Act 2018 – see our...

Mining – Local Content Regulations 2019
New Mining (Local Content) (Amendments) Regulations 2019 have made some changes to the Mining (Local Content) Regulations 2018, which include: Local shareholding requirement for...

Microfinance Business service providers in Tanzania
Microfinance Act 2018 was enacted by National Assembly on 16 November 2018 (see VELMA Law earlier post) and now the Bank of Tanzania (BOT)...