The Maldives Stock Exchange was established and operated as an Interim Securities Trading Facility for two years, by the Capital Market Development Authority (CMDA) pursuant to the Maldives Securities Act 2006.
Maldives Stock Exchange Company Pvt. Ltd (MSE) was licensed by CMDA to operate the Maldives Stock Exchange, in January 2008. The Interim Securities Trading Facility operated by CMDA was subsequently transferred to MSE.
Maldives Stock Exchange was incorporated as a private sector exchange, to establish a market mechanism for trading and settlement of securities in the Maldives, as well as to provide a regulatory framework to standardize and monitor persons dealing in securities on the Stock Exchange.
Maldives Securities Depository Company Pvt. Ltd (MSD) was licensed as a subsidiary company of MSE in January 2008, to undertake the function of a Central Depository and clearing settlement function for the Maldives Stock Exchange.
STO owns a 10% stake in MSE.