Capital Market Development Authority (CMDA) hosted the 2021 World Investor Week, and will be carrying out activities during the first week of October as commemoration.
The ‘World Investor Week’ is a globally celebrated week since 2017 by the International Organization of Securities Commission, to raise awareness on saving, investment and the protection of investor rights.
Moreover, to commemorate the week, CMDA held a special launching ceremony which was graced by the authority’s Chief Executive Officer Mr. Mohamed Hussain Manik as the chief guest.
Furthermore, the activities organized by CMDA will be participated by several local financial institutions including Maldives Monetary Authority (MMA), Maldives Pension Administration Office (MPAO), Maldives Stock Exchange (MSE), SME Development Finance Corporation (SDFC) and Maldives Islamic Bank (MIB).
CMDA reported that its focus will be on raising awareness on financial scams and frauds.
Earlier, in 2020 several individuals fell victim to a large number of scams following the shift of financial transactions from manual to digital in light of the Covid-19 pandemic.
Meanwhile, CMDA will carry out a special awareness program focused on school students and teachers in which information will be provided about saving and investments.
Moreover, the authority will host a quiz competition for a week through Facebook to raise awareness on capital market and financial literacy.