Page last modified on Oct 11, 2011
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The CMDA has the mandate under the Maldives Securities Act (2/2006) to license and regulate Capital Market Intermediaries. CMDA regulates the Market by ascertaining the fit and propriety of the companies and individuals applying for licenses to undertake regulated Capital Market activities. In considering whether an applicant is fit and proper to hold a license, CMDA takes into consideration;
Licensing ensures an adequate level of investor protection and provides sufficient safeguards to protect investors from possible default by Market Intermediaries or problems arising from the insolvency of such intermediaries. It instills confidence among the Investors by giving assurance that the licensed organizations and their representatives are competent and credible to conduct such regulated activities.
Licensed Entities - view details
| Type | No. of Licensees |
| Stock Exchange Company License | 1 |
| Central Depository License | 1 |
| Dealers License | 4 |
| Dealer's Representative License | 5 |
| Credit Rating Agency License | 1 |
| Custodian License | 1 |
Information Packages
| Type | Package |
| Dealers License | |
| Dealer's Representative License | |
| Credit Rating Agency License |
Application Forms
| Type | Form |
| Stock Exchange Company License | Application for the license to establish a Stock Exchange Company |
| Central Depository License | Application for license to operate a Central Depository |
| Dealers License | |
| Dealer's Representative License | Application form for Dealer's Representative License Application form for renewal of Dealer's Representative License |
| Credit Rating Agency License | Application for registration as a CMDA recognized Credit Rating Agency |
| Custodian License | |
| Other Forms |
Licensing Regulations
| Type | Applicable Regulations |
| Stock Exchange Company | |
| Central Depository | |
| Dealer/Dealer's Representatives | Dealer/Dealer's Representative Licensing Regulation (English - Unofficial translation) Dealer/Dealer's Representative Licensing Regulation (Dhivehi) |
| Credit Rating Agencies | Rules on Credit Rating Agencies (English) Rules on Credit Rating Agencies (Dhivehi) |
| Custodian | Regulations on Institutions providing Custodial Services (English) Regulations on Institutions providing Custodial Services (Dhivehi) |
Ongoing Compliance
Regulation on Anti-Money Laundering in Securities Related Transactions (English) Regulation on Anti-Money Laundering in Securities Related Transactions (Dhivehi) |
Entry of new licensees
Fees, Commissions and Charges Schedule
Fees, Commissions & Charges Schedule
For more information please contact:
Licensing Section
Tel: +960 3014122
Email: mail@cmda.gov.mv
