Moroccan Capital Market Authority (AMMC)
Regulates Morocco’s capital markets and protects investor interests.
Tags:Forex RegulationBasic Information
The Moroccan Capital Market Authority (AMMC) is the regulatory body overseeing Morocco’s financial markets. Established in 2016 and headquartered in Rabat, it operates under the authority of Moroccan financial laws to ensure market integrity, investor protection, and transparency. The AMMC is a member of the International Organization of Securities Commissions (IOSCO) and has been a signatory to the IOSCO Multilateral Memorandum of Understanding (MMoU) since 2007, reinforcing its commitment to international regulatory cooperation.
Background and Historical Development
The AMMC was founded to modernize Morocco’s capital markets framework, aligning it with global standards. In 2016, it introduced pioneering green bond guidelines, later expanded to include social and sustainability bonds. The authority has played a key role in Morocco’s sustainable finance agenda, collaborating with institutions like the International Finance Corporation (IFC) to enhance ESG reporting standards. In 2018, it joined the Sustainable Banking and Finance Network (SBN), further solidifying its role in promoting sustainable finance in Africa and beyond.
Legal Authority and Regulatory Framework
The AMMC derives its authority from Moroccan capital market laws, including regulations on securities issuance, collective investment schemes, and fintech innovations. It enforces compliance through circulars such as AMMC Circular No. 03/19, which mandates ESG disclosures for issuers. The authority also oversees crowdfunding platforms and fintech initiatives, ensuring alignment with national and international financial regulations.
Key Responsibilities and Regulatory Scope
The AMMC’s primary duties include:
- Supervising securities offerings and market intermediaries
- Protecting investors through transparency and fair practices
- Regulating collective investment vehicles, including UCITS and real estate funds
- Promoting sustainable finance via green and social bond frameworks
- Supporting fintech innovation through dedicated portals and regulatory guidance
Contact Information and Address
The AMMC is headquartered at:
Annakhil Street, Hay Riad
Rabat, Morocco
For inquiries, the Communications Directorate can be reached via email at [email protected].
How to Verify an Entity Under AMMC Regulation
To confirm whether a financial institution or market participant is regulated by the AMMC, visit the official website (https://ammc.ma) and use the regulatory search tools provided. Licensed entities are listed in the public registry, which includes details on authorization status and compliance history. For further verification, contact the AMMC directly through its official communication channels.
