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Page last modified on Jul 20, 2010
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In order to ensure that we provide the highest level of investor protection, in line with IOSCO and international best practice, and create an environment that is conducive to domestic and international investors, CMDA will undertake a review of existing securities legislation that will also encompass an assessment of the structure and operation of market regulation.

The objective will be to strengthen the legal and regulatory framework of the CMDA through a phased process. The first phase will focus on assessing the appropriateness of legal and regulatory framework for the Maldives capital market given its size and complexity by identifying gaps and weaknesses. The second phase will develop draft revised legislation and regulations that meet international best
practices.

SECURITIES MARKET LAWS AND REGULATIONS:

1. Companies Act : (Companies Act - Law No: 10/96)
2. Maldives Securities Act 2/2006 (Unofficial English Translation)
3. Maldives Securities Act 2/2006 (Dhivehi)

An Overview of the Securities Act

Regulations Under the Securites Act

1. Regulations on Institutions Providing Custodial Services
2. Dealer's/Dealer's Representative License (English)
3. Dealer's/Dealer's Representative License (Dhivehi)
4. Stock Exchange Licensing Regulation
5. Central Depository Licensing Regulation
6. Securities General Regulations
7. Regulation on conduct of Securities Business (English)
8. Regulation on conduct of Securities Business (Dhivehi)
9. Rules on Credit Rating Agencies

Code of Corporate Governance

1. Corporate Governance Code

Maldives Stock Exchanges Rules

1. Second Board Listing Rules
2. First Board Listing Rules

 

Maldives Securities Depository

1. Rules of the Maldives Securities Depository

 

Maldives Pension Act

1. Pension Act (Dhivehi)