9 results displayed on 9
MAROCLEAR regulatory framework for financial services compliance
In a context marked by the dematerialization of titles and the implementation of various international standards, MAROCLEAR, as a vital infrastructure (IIV) and centralizing entity for titles in Morocco, continues to adhere to all national laws pertinent to its operations.
In this regard, all texts that form the legal and regulatory framework governing the operations of the Central Depository MAROCLEAR.
Learn more about Maroclear
Learn more about Maroclear
List of reviews (302)
Casablanca | 02/12/2024
Casablanca | 30/11/2024
Casablanca | 29/11/2024
MAROCLEAR NOTICE N°528/2024
PAYMENT OF DIVIDENDS
Casablanca | 28/11/2024
MAROCLEAR NOTICE N°527/2024
ADMISSION LABELVIE TREASURY NOTE
Casablanca | 27/11/2024
MAROCLEAR NOTICE N° 522/2024
ADMISSION CERTIFICATE OF DEPOT CFG BANK
Casablanca | 26/11/2024
MAROCLEAR NOTICE N° 521/2024
ADMISSION BMCI DEPOSIT CERTIFICATE
Casablanca | 25/11/2024
Casablanca | 25/11/2024
MAROCLEAR NOTICE N° 520/2024
ADMISSION CERTIFICATE OF DEPOSIT CDG CAPITAL
Casablanca | 21/11/2024
MAROCLEAR NOTICE N°516/2024
PAYMENT OF DIVIDENDS
45 results displayed on 302
Show moreThe Operating Rules of Maroclear aim to detail the functional management rules that affiliates must adhere to in the daily processing of their operations with MAROCLEAR within its systems.
These rules will subsequently be subject to periodic updates, particularly to reflect market developments or possible procedural changes.
Between updates, the operating and management rules may be amended or supplemented, as needed, by MAROCLEAR Instructions. Additionally, timely information related to the activities of the Central Depository will always be published in the form of Notices.
Furthermore, managing the relationship with MAROCLEAR requires that the relevant parties familiarize themselves, in addition to this collection of functional management rules, with other documents published by MAROCLEAR, including:
› user guides for the various services offered;
› agreements for subscription and access to the respective services;
› technical documentation related to the structures of data exchanged with MAROCLEAR and the associated technical management rules.
› Law No. 35-96 concerning the Central Depository
Established in 1997 as a Public Limited Company functioning as a Central Securities Depository, pursuant to Dahir No. 1-96-246 of January 9, 1997, which enacted Law No. 35-96 concerning the establishment of a central depository. It provides its clientele, comprised solely of issuers, banks, and brokerage firms, with an extensive array of services that address market demands and adhere to international compliance standards.
MAROCLEAR guarantees the custody, circulation, and administration of securities on behalf of its affiliates. In both stock market transactions and over-the-counter dealings, MAROCLEAR is engaged throughout the entire post-transaction process.
The systems established by MAROCLEAR facilitate the matching and settlement of transactions involving securities admitted to its operations, adhering to the principle of settlement against delivery. Specifically, this results in securities flows being directly charged to the accounts maintained by MAROCLEAR, alongside corresponding cash flows that are instructed simultaneously with Bank Al-Maghrib (Central Bank).
MAROCLEAR operates under a General Regulation, sanctioned by the Minister of Finance (decree n°932.98 dated April 16, 1998). It is overseen by the Ministry of Finance and is subject to the oversight of the AMMC (Moroccan Capital Market Authority) in addition to that of Bank Al-Maghrib.
› Overview of the PFMI Information Framework
The objective of this document is to underscore the initiatives undertaken by the Central Securities Depository "MAROCLEAR" as a financial market infrastructure, in alignment with the implementation of the Principles for Financial Market Infrastructures (PFMI) established by the Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO).
This assessment seeks to evaluate progress in the implementation of various principles. It is shared with regulators and is also made public in accordance with Principle 23, KC 5, which states that “An FMI should regularly complete the Information Framework for Financial Market Infrastructures established by the CPSR/IOSCO and publicly disclose the measures it undertakes to apply this Framework.”
