The central securities depository in Morocco (Maroclear) announces the continuity of its services and informs the Moroccan financial market participants that its activities continue under normal conditions.
Indeed, Maroclear states in a press release that “the central depository has taken the necessary preventive measures in order to preserve the health and safety of all, in accordance with the directives of the Authorities”. Practically, Maroclear underlines that it has put in place a Business Continuity Plan to maintain all its activities, namely Codification, Admission of Securities, Settlement/Delivery of Securities and Processing of Securities Transactions in optimal conditions in order to meet the expectations of the Financial Center.
Aware of its role as a financial market infrastructure, the Central Securities Depository remains fully committed to the financial center to continue to move forward in close cooperation with regulators and market participants to face this challenge.
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