Since its establishment, the CDVM has undergone several milestones in the process of its development both in terms of its organization and operation and in terms of its missions. The main objective is to provide the market authority with necessary powers along with sufficient means of action to ensure effective supervision of both markets and professionals and more generally sustain the market development process.
A turning point as the modernization process of the financial market was launched in Morocco. It is an outcome of the promulgation of series of laws that lay down the basis for a modern market and announce the creation of new institutions. It is in this context that the CDVM, the Stock Exchange managing company, the brokerage firms and UCITS have been created.
The first CDVM’s Board of Directors meeting took place.
The establishment of the central depository system and the introduction of securities book- entry system;
The empowerment of the CDVM:
The CDVM was approved as a signatory of the Multilateral Memorandum of Understanding / MMOU of the IOSCO. As a matter of fact, Morocco has become the 44th international signatory and the third African one. This signature is an acknowledgement of the conformity of the CDVM and the law regulating the Moroccan financial market with international financial regulation standards.