The Maldives Stock Exchange, first established on 14th April 2002 was operated by the Capital Market Development Authority (CMDA) as part of the regulator. However, to separate the Exchange operation, Maldives Stock Exchange (MSE) was licensed as a private sector exchange by Capital Market Development Authority (CMDA) on 23rd January 2008 under the Maldives Securities Act. As such the MSE is operated by the Maldives Stock Exchange Company Pvt Ltd, effective from 24th January 2008. The primary function of MSE is to facilitate companies raising capital through the issue of new securities. The secondary function of the MSE is to provide a regulated market for the trading of existing stocks between investors. The MSE is also the centre for trading, reporting and pricing of the stocks. The trading information is released to the public by the MSE ensuring transparency in market dealings.
