Asset management: a new legal framework to strengthen the regulation of UCITS

This text aims to modernize the regulation of the sector in order to strengthen supervision, broaden the scope of products and introduce new mechanisms to improve risk management and the liquidity of funds. The bill was adopted this Thursday, February 27 by the Government Council. This reform comes in a context of sustained growth in the UCITS sector, which plays a central role in the development of the Moroccan financial market. The main objective is to adapt the legal framework to developments in the sector in order to guarantee a more secure and transparent environment for investors. It also aims to strengthen the contribution of UCITS to the mobilization of savings and the financing of the national economy … More