Capital Market Development Authority

CMDA is an independent institution established under the Maldives Securities Act 2/2006 for developing and regulating the capital market in the Maldives.
The CMDA has statutory powers to license securities market intermediaries including brokers, dealers, investment advisers, asset managers, custodians, credit rating agencies as well as stock exchanges and central depositories.
The CMDA also has the mandate for supervision of the Maldives Pension Retirement Scheme (MRPS) under the Maldives Pension Act 8/2009.

Institute Of Corporate Directors And Secretaries

ICDS is a training institute established by CMDA with the aim to raise corporate governance (CG) standards in companies and help directors and secretaries carry out their duties and responsibilities more effectively, and ultimately, to promote a more vibrant and attractive capital market in the Maldives.

Upcoming Training

Latest News


Updated On: 4 January 2024

Total Turnover in 2023

MVR 311,159,685

Total Trades in 2023


Total Volume in 2023