Heba Press
On October 29, 2024, the Moroccan Capital Market Authority and the French Financial Market Authority signed a cooperation and mutual assistance agreement in the field of capital markets.
This agreement was signed by the presidents of the two bodies, Ms. Nozha Hayat and Ms. Marie-Anne Barbat Liyani, during Moroccan-French working meetings organized on the sidelines of the official visit of the President of the French Republic to the Kingdom. from Morocco.
Faced with the continued increase in the missions of the two authorities, the Moroccan Capital Market Authority and the French Financial Market Authority are working to mobilize their efforts to keep pace and anticipate many common challenges, namely financing of the economy and dual energy and digital. transformation, as well as the emergence of new financial products on the Internet and the important role played by social networks, for the common goal of maintaining financial stability.
Through this agreement, the Moroccan Capital Market Authority and the French Financial Market Authority undertake to improve knowledge and mutual understanding of their regulatory frameworks, to exchange best practices and to work together to protect investors. and the integrity of their markets. This agreement also confirms the desire of the two organizations to support and develop all measures that would contribute to the development of their markets.
Ms. Nezha Hayat, President of the Moroccan Capital Market Authority, declared: “This agreement, which consolidates the close relations which have linked our two bodies for a long time, testifies to the depth of cooperation between our two countries”, and added: “Its objective is to harmonize our regulatory frameworks in order to meet the challenges associated with transitions. » “The structure that the world knows and the requirements for sustainability and technological innovation, which will ultimately contribute to financing economic growth. »
For her part, Ms. Marie-Anne Barbat Liani, President of the Financial Markets Authority, explained: “This signing consolidates the distinguished and important relations between our two countries and our authorities. This agreement will allow us to better understand our respective regulatory frameworks, thus contributing to the development and achievement of the objectives that we share: innovative, fair and beneficial financing to finance the economy, and concerned with protecting investors. In addition, this will create synergies that will strengthen the attractiveness of our financial centers in both countries. “
