Licenses & Registrations

CMDA has the mandate under the Securities Law to license and regulate capital market intermediaries. CMDA regulates the market by ascertaining the fit and propriety of the companies and individuals applying for licenses to undertake regulated capital market activities.

Licensing ensures an adequate level of investor protection and provides sufficient safeguards to protect investors from possible default by market intermediaries or problems arising from the insolvency of such intermediaries. It instills confidence among the investors by giving assurance that the licensed organizations and their representatives are competent and credible to conduct such regulated activities.

 

Licensed Entities - View Details

                                    

Type

No. of Licensees

Stock Exchange License

1

Central Depository License

1

Dealers License

2

Dealer's Representative License

2

Custodian License

2

Investment Adviser License

3

Registered Entities - View Details

 Type 

 No. of Registrations

ShariáhAdviser Registration

1

Investment Fund Registration

1



Ongoing Compliance

Apart from compliance to licensing regulations, all licensed entities must ensure compliance to the following regulations.

Regulation of Conduct of Securities Business English | Dhivehi
Regulation of Anit-Money Laundering in Securities Related Transactions English | Dhivehi