Licensing & Registration Process
Licensing and Registration Types
A CMDA license / registration must be sought for undertaking the following activities in the capital market.
Application
- The application should be sent to the following address:
Capital Market Development Authority
5th Floor, Ma. Uthuruvehi,
Kenery Magu,
Male' , Maldives
20192
- The application should also be sent via email to: compliance@cmda.gov.mv
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 |
Licensing Examination
- For licenses that require passing an examination, the applicant should register with CMDA to undertake an examination.
- The registration form should be emailed to compliance@cmda.gov.mv and the applicant will be contacted to advise on the examination arrangements.
Fees
Each application will be charged a processing fee which has to be paid at the time of application submission and an annual fee following grant of license, which has to be paid when invoiced by CMDA.