If you have a complaint against a market participant (a Dealing Company or Broker or a listed company) please register your complaint directly with the market participant concerned. At the first instance, CMDA expects the investor to resolve the complaint with the market participant.
Investors who are dissatisfied with the manner in which the complaint was handled by the market participant or the reply from the market participant, they should lodge a complaint in writing directly to the CMDA.
Where a complaint is received by CMDA, the procedures for handling the complaint is as follows:
- The CMDA will write to the market participant concerned and clarify any issues that it may have. After that CMDA will decide on what course(s) of action to take.
- Where the CMDA is not satisfied with the reply from the market participant then the CMDA may conduct an investigation and take appropriate actions against the market participant.
- The complainant shall be informed of the decision taken by the CMDA.
The CMDA has wide powers under the Securities Act (2006) to investigate breaches of the Maldives Securities Act, Regulations and Rules.
Please address your complaint to:
Chief Executive Officer,
Capital Market Development Authority,
MTCC Tower, 4th Floor,
Boduthakurufaanu Magu, Male',
Rep. of Maldives,
Phone : (960) 333 6619,
Fax : (960) 333 6624,
Email :
mail@cmda.gov.mv 
