The Moroccan Capital Markets Authority has launched a voluntary compliance program for firms engaged in the discretionary management of financial instruments. The program is designed to align market practices with higher standards in third-party asset management and is anchored by an ethics and best practices charter for participating firms. The announcement was made at a first meeting at the authority's Rabat headquarters with discretionary portfolio management firms operating in the market. The initiative follows the AMMC's publication of a handbook on the discretionary management of financial instruments that was developed in consultation with market participants. Discretionary portfolio management firms are encouraged to subscribe to the ethics and best practices charter by July 2, 2026.
Moroccan Capital Markets Authority2026-06-18
Moroccan Capital Markets Authority launches voluntary compliance program for discretionary portfolio managers
The Moroccan Capital Markets Authority has launched a voluntary compliance program for discretionary portfolio management of financial instruments. It is built around an ethics and best practices charter aimed at raising standards in third-party asset management. Firms are encouraged to subscribe to the charter by July 2, 2026.