Organization Structure

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Corporate Affairs Section

This section is entrusted with a wide range of responsibilities which include financial control, budgeting, human resources management and information technology and general administration. This section is also responsible for internal risk management functions such as office services and facilities management.

 

Internal Auditor

Internal Auditor undertakes the internal audit activities of CMDA and also facilitates the annual external audit on a continous basis.

 

Market Regulation, Supervision and Enforcement Section

The broad mandate of this section is to supervise and regulate the securities market and the Stock Exchange and to ensure securities dealings are carried out in accordance with the regulations, in an orderly, fair and open manner. The purpose of monitoring is to provide assurances on a continuing basis so that the market intermediaries remain fit and proper to conduct business and reduce the possibilities of systemic risk.

 

Investor Education and Market Development Section

This section is responsible for investor relations and organizing the investor education and market awareness and training programmes. The section has the mandate to run public seminars and workshops and promotional activity through radio, television and print media. As such, this section plays a crucial role in raising standards of the market participants through enhancement of skills and professionalism among market participants.

 

Legal Affairs Section

The broad mandate of this section is to provide legal support to the Authority on policy and operational aspects. It is also responsible for reviewing and proposing amendments to the Maldives Securities Act and liaising with appropriate agencies in relation to legal matters of the CMDA. It is also responsible for conducting investigations into compliance, fraudulent activities in the securities market and violations of the securities law.
 
CMDA Organization Chart
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Organization Structure