The Moroccan Capital Market Authority has published on its website a new guide on sustainable financing, dedicated to socially responsible investment in the management of entities for the collective employment of transferred assets.
A statement issued by the Authority stated that this guide “will be the subject of public consultation during the period extending between December 21, 2023 and January 21, 2024, in order to receive the suggestions of market players before its final adoption.”
The guide is aimed at both investors and companies managing collective transfer assets, and presents the characteristics of socially responsible investment.
It also clearly defines the various concepts associated with socially responsible investing, as well as related strategies.
This initiative falls within the framework of the Authority’s activities aimed at keeping pace with the development of sustainable finance in Morocco, and as a complement to the various measures and actions taken to promote a more sustainable and comprehensive capital market.
It also falls within “the Authority’s commitment to developing sustainable financing through capital markets, as it has implemented several procedures for the benefit of issuers, including in particular, publishing a number of guidelines as well as setting the regulatory framework related to issuances of sustainable borrowing bonds, which stipulates the mandatory publication of a report.” Environmental, social and governance annual.”
This guide focuses on the protection of savers and aims to accompany the development of socially responsible investment funds.
It also includes recommendations for those wishing to invest in collective investment entities with socially responsible investment strategies.
It also provides management companies with a set of rules to accompany them in establishing and managing this type of collective investment bodies for the transferred values ​​for the benefit of their clients.