Licensing and Registration Types

A CMDA license / registration must be sought for undertaking the following activities in the capital market.

Application

  • The application submitted via Apply Online.
  • For further queries contact mdd@cmda.gov.mv or via phone (960) 3014116.

Licensing Regulations

The requirements under the following regulations should be met to qualify for a license from CMDA.
License Type Related Regulations
Dealers’ and Dealers’ Representative license  Dealers & Dealer's Representative Licensing Regulation
Investment Advisers’ and Investment Adviser Representative license  Regulation on Investment Advisers
Custodian license Regulation on Institutions providing Custodial Services
Credit Rating Agency license  Rules on Credit Rating Agencies
Shariah Adviser registration  Regulation on registration of Sharia Advisers
Investment Fund registration Regulation on registering and operating Investment Funds
Principal Adviser Registration Regulation on Principal Advisers