The Moroccan Capital Markets Authority (AMMC) has unveiled an ambitious roadmap for 2026 aimed at consolidating an efficient, accessible capital market resolutely oriented toward the future. The authority intensifies its action around supporting market development, preserving resilience, and strengthening contributions to national economy financing.
AMMC’s 2026 priorities center on a vision of efficient and accessible capital markets serving as strategic levers for financing the real economy, protecting savings, and stimulating Morocco’s competitiveness. The authority commits to accompanying major transitions including sustainability, technological innovation, and financial inclusion.
Development priorities focus on expanding market-based financing and supporting stock market dynamics. Regarding financial innovation and sustainability challenges, AMMC will contribute to implementing sustainable finance and governance strategic frameworks while strengthening regional cooperation and supporting innovation to develop new financing solutions and market efficiency.
Financial education initiatives aim to mobilize savings and protect investors through expanded outreach and consolidated authorization spectrum. The authority plans to adapt supervision mechanisms to constantly evolving capital markets by consolidating risk-based supervision approaches and promoting thematic controls. AMMC will ensure market integrity, investor protection, accompany actors on anti-money laundering effectiveness, and expand its supervision scope.
A transversal axis addresses internal organizational performance through continued digitalization strategy, artificial intelligence integration, internal skills reinforcement, and corporate social responsibility approaches.
The year 2025 demonstrated strong capital market momentum, reinforcing its role in real economy financing. Bond issuance volumes more than doubled while equity segments progressed nearly 70%, driven by three IPOs totaling 6 billion dirhams. Collective management showed clear progress with net UCITS subscriptions reaching 84.8 billion dirhams, nearly double 2024 levels. The securitization market experienced significant growth with amounts raised reaching 15.5 billion dirhams compared to 2.4 billion the previous year.
