Market Regulations

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MSD is licensed and regulated by the Capital Market Development Authority. MSD operates in accordance with applicable laws, regulations, rules, procedures, and regulatory requirements governing securities depositories and capital market institutions in the Maldives.

Core Rulebooks

Rulebooks for market participation and issuer compliance

Featured rule

Operational Rules

Operational Rules of MSE prescribe provisions governing the conduct of the Exchange applicable to employees and Board of Directors of MSE. The Rules also include powers of the Exchange to impose and waive fees, receive and investigate complaints, impose disciplinary charges and suspensions on Trading Members as well as general powers to take actions to ensure fair and orderly conduct of the market.

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Featured rule

Trading Membership Rules

Trading Membership rules of MSE prescribe rules governing Trading Membership and conduct of business rules for members in addition to those prescribed in the Conduct of Business Regulation 2006 issued by CMDA. The Rules make provisions governing Trading Membership admission criteria and requirements, procedures for application, resignation, termination, suspension and continuing qualifications.

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Featured rule

Listing Rules

Listing Rules make provisions for the criteria for admission of securities to the Official List as well as continuing disclosure obligations on listed companies. Listed companies are required to be in compliance with the listing rules at all times, in addition to other relevant regulations imposed by the Regulator.

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Downloads Library

Regulations, rules, and legal documents, centrally organised