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.
Corporate Governance Section
The section was developed to promote a culture of good corporate governance in Maldives with the aim to raise investor (both local and foreign) confidence and to achieve high sustained growth for the corporate sector. The section also undertakes the responsibility of arranging and administering the Annual National Award for Corporate Governance.
Research, Development and Publication Section
The key functions of the section include conducting intensive research in areas relevant to the Capital Market Development. It is also the responsibility of the section to prepare the Authority’s reports such as quarterly reports, annual reports and other research reports.
Pension Supervision Department
- Supervise Investment and Performance of the Maldives Retirement Scheme;
- Specify procedures for reporting and publications of reports concerning the Maldives Retirement Scheme;
- Monitor Appointments of Board Members and reports they are required to file under the Pension Act; and
- Take actions required to be taken by CMDA, for the enforcement of the Pension Act
