Asset management: As part of its mission to protect savings invested in financial instruments, the Moroccan Capital Market Authority (AMMC) publishes the final version of its guide on mandated management (GSM).
Addressed to mandated managers, this guide offers a detailed framework enabling them to best carry out their missions, in the exclusive interest of their clients and in compliance with best practices and ethical rules applicable to asset management. It also provides recommendations to investors, in order to effectively support them in their relationship with mandated management professionals. “In the absence, to date, of a regulatory framework specifically dedicated to the mandated management of financial instruments, this guide stands out as the reference for the exercise of this activity. It compiles good practices and recommendations of which the AMMC expects rigorous application by market professionals,” notes the AMMC.
The outcome of this guide follows a broad public consultation which made it possible to collect observations and contributions from mandated management stakeholders, thus guaranteeing a concerted approach adapted to market realities.
