Welcome to CMDA
The Capital Market Development Authority (CMDA) is an independent institution responsible for developing and regulating the capital market and the pension industry in the Maldives. It 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.read more
Latest news
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May 16, 2013 Information to Media on publication of 4th Quarterly Report 2012 |
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May 14, 2013 Enforcement action taken against Dhiraagu |
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May 13, 2013 Circular on Fit and Proper Guidelines for Directors of Listed Companies |
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May 6, 2013 Capital Market Shariah Advisory Committee renamed as Capital Market Shariah Advisory Council |
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May 2, 2013 Enforcement action taken against MTDC |
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Apr 29, 2013 CMDA Annual Report 2012 |
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Apr 28, 2013 Financial Statement and Audit Report of 2012 |
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Apr 24, 2013 Employment Opportunity: Assistant Manager |
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Apr 23, 2013 Dealers Representative Examination: May 2013 |
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Apr 23, 2013 CMDA Art Competition: 2013 |
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Apr 22, 2013 CARE Ratings Maldives (CARE) is looking for Shariah Scholars to provide Shariah advice to its Rating Committee : Deadline Extended |
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Apr 21, 2013 CMDA Essay Writing Competition 2013 |
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Apr 16, 2013 Circular on Amendments to KYC Form(s) |
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Apr 15, 2013 CARE Ratings Maldives (CARE) is looking for Shariah Scholars to provide Shariah advice to its Rating Committee |
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Apr 10, 2013 Circular on Amendments to Dealers and Dealers Representative Licensing Regulation |
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Apr 9, 2013 ICM Quarterly Bulletin: 1st Quarter 2013 |
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Apr 4, 2013 1st Quarterly Report 2013 |
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Mar 27, 2013 Sukuk Market Development Project |
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Mar 26, 2013 Islamic Capital Market Awareness Workshop, April 2013 |
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Mar 18, 2013 Directors Training Program, March 2013 |
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Mar 13, 2013 Amendments to Pension Act and its impact |
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Mar 3, 2013 Dealers Representative Examination: March 2013 |
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Feb 28, 2013 Islamic Capital Market Awareness Workshop, March 2013 |
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Feb 21, 2013 Opportunity to work at Capital market Development Authority |
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Feb 21, 2013 Islamic Capital Market Awareness Workshop |
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Feb 13, 2013 CMDA Essay Competition 2013 |
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Feb 13, 2013 Cancellation of Dealers Representative License of Mr Abdulla Mubthada |
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Feb 13, 2013 Dealers Representative License granted to Mr Abdul Majid Thaufeeq |
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Feb 4, 2013 Chartered Islamic Finance Professional (CIFP) Program |
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Jan 21, 2013 Issuance of Dealers Representative License |
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Jan 20, 2013 CMDA Art Competition 2013 |
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Jan 15, 2013 News: Trainig programs organised under the Legal and Regulatory Assesment Project of CMDA |
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Jan 9, 2013 Raising Finanace through Capital Market |
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Jan 8, 2013 Legal and Regulatory Assessment of Maldives Capital Market |
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Jan 7, 2013 ICM Quarterly Bulletin: 4th Quarter 2012 |
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Jan 3, 2013 4th Quarterly Report 2012 |
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Jan 3, 2013 EoI: CMSAC Private Sector Member |
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Jan 3, 2013 Job Announcement: Senior Officers |
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Jan 3, 2013 Circular on financial statements and summary report of operations of Dealing Companies |
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Dec 27, 2012 Request for Proposal (RFP) to Operate ICDS |
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Dec 26, 2012 Dealers Representative Examination: January 2013 |
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Dec 6, 2012 Employment Opportunity |
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Dec 4, 2012 Examination for Corporate Directors: December 2012 |
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Dec 4, 2012 CMSAC Private Sector Member |
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Dec 2, 2012 Dealers Representative Examination: December 2012 |
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Nov 26, 2012 EoI to operate ICDS |
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Nov 18, 2012 News: Directors Training Program November 2012 |
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Nov 8, 2012 Appointment of Chairman |
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Nov 4, 2012 Directors Training Program: November 2012 |
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Oct 31, 2012 MoU between CMDA and Islamic Affairs |
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Oct 24, 2012 COMCEC Capital Market Regulators Forum |
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Oct 18, 2012 MTDC Shareholders Alert |
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Oct 16, 2012 Investor Alert on Dividends |
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Oct 8, 2012 ICM Quarterly Bulletin: 3rd Quarter 2012 |
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Oct 8, 2012 Training Course on Fundamentals of Islamic Capital Market |
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Oct 2, 2012 3rd Quarterly Report 2012 |
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Oct 1, 2012 Report on the Role of CMCGI |
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Sep 26, 2012 Cooperation between CMDA and Capital Markets Board of Turkey |
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Sep 24, 2012 Examination for Corporate Directors |
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Sep 19, 2012 MoU between CMDA and CSTI |
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Sep 18, 2012 Dealers Representative Examination |
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Sep 15, 2012 Request for Expression of Interest: Research Analyst Product Development Local |
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Sep 15, 2012 Report about the Brokerage Services |
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Sep 5, 2012 Public Consultation of MSE Listing Rules |
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Sep 5, 2012 A Report about the Role of CMDA |
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Sep 4, 2012 Attachment Program for Royal Securities Exchange of Bhutan Ltd |
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Sep 3, 2012 News: Capital Market Awareness Program held in Fuvahmulah |
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Aug 28, 2012 News:Directors Training Program: August 2012 |
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Aug 16, 2012 Iulaan Regarding the publication of MTDC Annual Report |
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Aug 16, 2012 CG Article |
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Aug 12, 2012 Recruitment of local Research Analyst for Product Development |
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Aug 9, 2012 CG article on Audit Committee |
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Aug 9, 2012 New: Regarding ICDS Membership |
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Aug 9, 2012 Care assigns rating to proposed HDFC Bond issue |
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Aug 7, 2012 Examination for Corporate Directors: August 2012 |
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Aug 7, 2012 Directors Training Program: August 2012 |
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Aug 6, 2012 News: Annual Reports of Listed Companies |
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Aug 6, 2012 Iulaan_Request for Proposals on consultancy service for Sukuk Market Development |
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Aug 2, 2012 Islamic Capital Market Awareness program:27 August 2012 |
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Aug 1, 2012 Enforcement Action under CDOI Regulation: MTDC |
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Jul 22, 2012 Working hours of MSE and MSD changed |
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Jul 18, 2012 Stakeholder Gathering 2012 |
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Jul 16, 2012 Directors Training Program: July 2012 |
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Jul 12, 2012 Official inauguration of Capital Market Corner |
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Jul 9, 2012 News: Directors Training Program |
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Jul 9, 2012 Guidelines on Voting by Proxy in AGM:Open for Public Consultation |
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Jul 5, 2012 ICM Quarterly Bulletin: 2nd Quarter 2012 |
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Jul 3, 2012 News: Islamic Finance Awareness Programs |
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Jul 3, 2012 2nd Quarterly Report 2012 |
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Jul 1, 2012 Head Office of Aariya Securities Private Limited changed |
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Jun 25, 2012 Head Office of MSE and MSD Changed |
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Jun 24, 2012 Awarding Ceremony of School Competitions 2012 |
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Jun 20, 2012 Dealers Representative License Granted to Mr Mubthada |
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Jun 17, 2012 Appointment of New Board Member |
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Jun 13, 2012 MOU between CMDA and National Library |
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Jun 12, 2012 Islamic Finance Awareness Programs |
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Jun 12, 2012 Circular on Disclosure requirements of Dividend Declaration |
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Jun 7, 2012 AGMs of Listed Companies |
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Jun 7, 2012 Information to Media on Maldives Pension System |
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Jun 3, 2012 Dealers representative exam |
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Jun 3, 2012 Principal Adviser Registration |
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May 24, 2012 Registration of Principal Adviser |
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May 16, 2012 Invitation for Expression of Interest for representing 2 private sector member and Chairperson of MPAO Board |
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May 16, 2012 Enforcement Action Under CDOI Regulation |
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May 14, 2012 Changes to Board of Directors |
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May 10, 2012 BML Granted Extension for Publications |
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May 10, 2012 STO Granted Further Extension for Publications |
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May 10, 2012 Principal Advisers Registration |
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May 9, 2012 Guidelines Open for Comments |
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May 9, 2012 Job Vacancy at MSE |
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May 6, 2012 Job Announcement: Manager |
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May 6, 2012 Cancellation of Job Announcement |
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May 2, 2012 CMDA Annual Report 2011 |
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May 2, 2012 Enforcement Actions Under CDOI Regulation |
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Apr 30, 2012 Request for Expression of Interest: Pension Analyst (Local) |
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Apr 22, 2012 CMDA Conducts Essay Competition |
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Apr 19, 2012 MTCC Granted Extension for Publications |
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Apr 12, 2012 Official Working Hours |
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Apr 12, 2012 MoU between INCEIF and CMDA |
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Apr 11, 2012 Examination for Dealers Representative |
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Apr 10, 2012 Examination for Principal Advisers |
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Apr 8, 2012 Directors Training Program |
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Apr 8, 2012 Job Announcement: Manager |
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Apr 4, 2012 1st Quarter Report |
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Apr 2, 2012 Extension for Publication of 4th Quarter Report : Dhiraagu |
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Mar 29, 2012 MRPS: Regulation of Foreign Employees |
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Mar 29, 2012 Registration of the First Principal Adviser |
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Mar 19, 2012 2011 4th Quarter Report of BML |
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Mar 18, 2012 Registration of Principal Advisers |
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Mar 15, 2012 Upcoming Examination For Coporate Directors |
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Mar 15, 2012 CMDA Art Competition 2012 |
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Mar 14, 2012 Bridging the Board Room Gender Gap |
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Mar 13, 2012 Investor Education, Training and Awareness Schedule 2012 |
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Mar 11, 2012 CMDA has Penalized BML under the CDOI Regulations |
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Feb 29, 2012 Examination For Directors |
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Feb 29, 2012 Listed Companies AGM and Annual Report |
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Feb 15, 2012 Ammended Corporate Governance Code |
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Feb 8, 2012 Trading of ATM shares at Maldives Stock Exchange |
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Feb 7, 2012 Delay in Opening MSE and MSD |
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Feb 6, 2012 Request for Expression of Interest for Local Chartered Accountant : Application Deadline Extended |
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Feb 1, 2012 Extension for the Publication of Quarterly Report |
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Feb 1, 2012 MTDC Granted with an Extension for the Publication of Quarterly Report |
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Jan 31, 2012 Minimum Quarterly Reporting Requirements: MTDC |
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Jan 31, 2012 RFP for Legal and Regulatory Consultant |
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Jan 30, 2012 BML Granted with an Extension for the Publication of Quarterly Report |
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Jan 26, 2012 Examination For Coporate Directors |
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Jan 25, 2012 Dhiraagu Granted with an Extension for the Publication of Quarterly Report |
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Jan 25, 2012 ATM Granted with an Eextension for the Publication of Quarterly Report |
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Jan 22, 2012 Cancellation of Dealers Representative License: Abdul Haleem Abdul Latheef |
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Jan 19, 2012 Private Sector Representative for CMSAC |
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Jan 19, 2012 Shares of Dhiraagu Open For Trading |
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Jan 17, 2012 Shariah Consultant for CMSAC |
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Jan 12, 2012 RFP for Office Cleaning |
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Jan 12, 2012 CMDA Essay Competition 2012 |
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Jan 4, 2012 News on Pre IPO Guidelines |
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Jan 2, 2012 SME Rating Methodology: Open for Public Consultation |
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Dec 28, 2011 Announcement: Purchasing Computer Systems |
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Dec 25, 2011 Expression of Interest: Principal Advisors |
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Dec 25, 2011 News: Principal Advisors |
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Dec 22, 2011 Annoucement: Directors Training Program 2011 |
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Dec 22, 2011 ICDS Resource Persons |
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Dec 22, 2011 CMDA has given a presentation on capital market law reforms |
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Dec 22, 2011 Cancellation of Dealing License |
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Dec 20, 2011 Guidelines on Principal Advisers: Open for Public Consultation |
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Dec 19, 2011 Job Announcement of MSE |
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Dec 17, 2011 Creation of a white list in Maldives Stock Exchange |
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Dec 15, 2011 Appointment of CMDA Chairperson |
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Dec 8, 2011 CMDA Board Composition |
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Dec 1, 2011 Training Course on Operations of Islamic Capital Market |
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Dec 1, 2011 News on Public Offering |
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Nov 30, 2011 news: Retirement Saving Account Statements |
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Nov 27, 2011 News: Examination for Corporate Directors |
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Nov 27, 2011 News: Examination for Corporate Directors Results |
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Nov 24, 2011 News on Credit Rating Forum |
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Nov 22, 2011 News on Credit Rating Workshop |
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Nov 22, 2011 Shariah Consultant for Capital Market Shariah Advisory Committee |
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Nov 22, 2011 Privat Sector Member for Shariah Advisory Committee |
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Nov 17, 2011 Announcement: Public Forum on Credit Rating Agency Services |
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Oct 30, 2011 FAQ: Investing through a Public Offering |
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Oct 25, 2011 Circular: Standardization of share certificates of Listed Companies |
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Oct 25, 2011 Re Announcement: Purchasing Antivirus |
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Oct 25, 2011 News: Examination for Corporate Directors |
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Oct 25, 2011 News: Developing a strategy for strengthening pension supervision |
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Oct 25, 2011 Announcement: Training course on operations of Islamic Capital Market |
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Oct 18, 2011 Regulations opened for public consultation |
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Oct 12, 2011 Announcement: Program Broadcaster |
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Oct 12, 2011 Shariah Compliant Stock Brokerage Services |
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Oct 12, 2011 Announcement: Purchasing Antivirus |
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Oct 12, 2011 CMDA welcomes EOI to undertake the Brokers Training Program |
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Oct 10, 2011 Applying for Examination for Corporate Directors |
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Oct 10, 2011 Job Announcement: Lawyer |
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Oct 10, 2011 Accouncement Cancellation: Event Manager |
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Oct 6, 2011 Dealers Representative License: Mr Mohamed Janah |
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Oct 1, 2011 Quarterly Report 2012 |
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Sep 26, 2011 Announcement: Event Manager |
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Sep 21, 2011 News: Directors Training 2011 |
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Sep 14, 2011 Announcement: 30 second advertisement |
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Sep 13, 2011 Circular: Summary of Disclosure and Reporting Requirements for Dealing Companies |
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Sep 13, 2011 Circular: KYC Form |
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Sep 12, 2011 Regulations Under Securities Act |
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Sep 7, 2011 Announcement: RFP for translating four documents |
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Sep 7, 2011 Annoucement: Editor |
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Sep 6, 2011 News: Workshop on the progress of Islamic Capital Market in the Maldives |
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Sep 6, 2011 Directors Training Program 2011 |
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Sep 5, 2011 Job Announcement: Senior Officer (Legal) |
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Sep 5, 2011 Announcement: Office Space |
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Aug 29, 2011 Announcement: Program Cordinator |
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Aug 29, 2011 Amana Takaful (Maldives) IPO prospectus |
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Aug 29, 2011 Guidelines for Underwriting of Securities by Banks |
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Aug 29, 2011 Draft Revised CG Code |
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Aug 25, 2011 Dhiraagu announces IPO |
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Aug 16, 2011 RFP for Video Advertisement |
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Aug 11, 2011 Job Announcement: Senior Officer |
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Aug 11, 2011 Public Lecture on Corporate Governance |
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Aug 9, 2011 Announcement: ICDS Corporate Kit |
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Aug 8, 2011 Job Announcement: Assistant Manager |
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Aug 8, 2011 ICDS Examination Application Deadline Extended to 15th August 2011 |
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Aug 8, 2011 News: Details of examination for Corporate Directors |
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Aug 8, 2011 Announcement: Program Cordinator |
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Aug 4, 2011 RFP for translating 7 documents |
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Aug 2, 2011 Announcement: ICDS advisory committee |
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Aug 2, 2011 Announcement: cancellation of Corporate Package and Video Spot bid announcements |
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Aug 2, 2011 Job Announcement: Internal Auditor |
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Jul 24, 2011 News: First Rating of a Maldivian Company |
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Jul 18, 2011 Job Announcement: Internal Auditor |
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Jul 14, 2011 News: Training of Trainers on Corporate Governance |
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Jul 12, 2011 News: Training of Trainers Program Ongoing |
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Jul 6, 2011 News: Training of Trainers Program |
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Jul 4, 2011 Dealers Representative License: Mr Shafy Abdul Raheem |
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Jul 4, 2011 Dealers License: First Option Pvt Ltd |
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Jun 29, 2011 Report: Stock Brokerage |
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Jun 27, 2011 Approved Shariah Concepts and Principles |
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Jun 16, 2011 Dhivehi Translation of the Guidelines on Shariah Compliance Review for Pre IPO Securities |
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Jun 16, 2011 Amana Takaful (Maldives) plc to issue first Shariah Compliant Securities in the Maldives |
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Jun 12, 2011 Establishment of Institute of Corporate Directors and Secretaries |
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Jun 9, 2011 Register as a Member of ICDS |
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Jun 1, 2011 Job Announcement (Deputy Manager or Senior Officer) |
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May 30, 2011 Information to Media: Public Lecture on Transparency and Governance in financial reporting |
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May 29, 2011 Guidelines on Shariah Compliance Review for Pre IPO Securities |
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May 29, 2011 More Companies Going Public |
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May 26, 2011 Request for Proposals to translate two Regulations |
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May 26, 2011 Announcement to purchase a Server |
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May 18, 2011 Institute of Corporate Directors and Secretaries |
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May 16, 2011 Financial Statements and Reports published by Listed Companies |
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May 5, 2011 Appointment of Shariah Advisory Committee |
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May 3, 2011 Press Release: Publish Audited Financials and Reports of Listed Companies Under CDOI Regulations |
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Apr 25, 2011 CMDA hosted Seminar on Sukuk |
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Apr 14, 2011 CMDA Annual Report 2010 |
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Apr 4, 2011 Cancellation of dealers representative license |
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Apr 3, 2011 Financial Statement and Audit Report 2010 (English) |
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Mar 30, 2011 Information to Media: CARE Ratings Maldives Officially opened for business |
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Mar 13, 2011 Capital Market Shariah Advisory Committee |
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Feb 23, 2011 Rating Methodology |
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Feb 16, 2011 Practice Note for Appointment of Auditors |
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Feb 3, 2011 Amana Takaful (Maldives) Pvt Ltd has submitted Application for listing on MSE |
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Jan 23, 2011 CMCGI Training Schedule for 1st Quarter of 2011 |
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Jan 19, 2011 Practice Note for Appointment of Auditors of Listed Companies |
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Jan 18, 2011 Cancelation of the Dealers License of First Option |
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Jan 18, 2011 Request for Corporate Governance Presentations |
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Jan 12, 2011 Licensing CARE Ratings |
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Jan 6, 2011 License cancellation of First Option |
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Jan 6, 2011 CMDA issued licence to CARE RATINGS to operate in Maldives |
CMCGI
Training Schedule 
Quarterly Reports 
ICDS 