Business

CMDA Issues Custodian License to Bank of Mauritius

Capital Market Development Authority (CMDA) has issued a license to provide custodial services to Mauritius Commercial Bank Maldives Private Limited (MCB) today.

The license was issued to MCB at a ceremony held at CMDA, according to regulation number 2011/R-36. Licensed Custodians in the Maldives are persons acting for or by arrangement with a customer who performs stewardship and related custodial services on the customer’s behalf which includes safekeeping of assets and is licensed to do so under the Regulation on Institutions Providing Custodial Services.

Full details are available from the link below:

Source URL: Corporate Maldives

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