AMMC: Public consultation on a draft circular relating to securities lending
Casablanca – The Moroccan Capital Market Authority (AMMC) is putting for public consultation, from February 2 to March 2, 2024, a draft circular relating to securities lending.
“In accordance with the provisions of article 63 of its general regulations, the AMMC is putting for public consultation, from February 2 to March 2, 2024, a draft circular relating to securities lending which is part of the operationalization amendments to Law No. 45-12 relating to securities lending made by Law No. 83-20, published in Official Bulletin No. 7014”, specifies the capital market regulator in a press release.
The draft of the new circular proposes a regulatory framework aimed in particular at defining the conditions for carrying out securities lending operations and establishing the rules relating to the approval of managers of multilateral securities lending platforms as well as the obligations incumbent on them .
It also involves setting out the terms of declaration and notification of securities lending operations and putting in place measures aimed at ensuring the proper functioning of the securities lending market and maintaining its stability.
Any comments or proposals can be made in writing and sent to the AMMC at the following email address: [email protected]informs the AMMC.