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Morocco's AMMC Approves 24 New Fund Licenses and Certifications in August 2026
Morocco's capital markets regulator granted 24 authorizations for collective investment funds during August 2026, signaling continued expansion in the country's asset management sector. The Moroccan Capital Market Authority (AMMC) issued 18 operating licenses and 6 formal certifications to leading fund management firms, reinforcing the dynamic growth of Morocco's investment fund industry.
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The Moroccan Capital Market Authority (AMMC) has released its latest batch of regulatory approvals for collective investment vehicles, announcing 24 total authorizations granted throughout August 2026. This regulatory activity demonstrates ongoing momentum in Morocco's asset management landscape.
Breakdown of August Approvals
According to official documentation published on the regulator's website, the AMMC distributed these authorizations across two categories: 18 full operating licenses (agréments) and 6 formal certifications (visas) for mutual fund structures known as OPCVM (Organismes de Placement Collectif en Valeurs Mobilières).
Licensed Asset Managers
The operating licenses were distributed among several prominent asset management firms including:
- BMCE Capital Gestion – received multiple approvals
- Valoris Management – granted licenses and certifications
- Quantum Capital Gestion – approved for new fund operations
- Upline Capital Management – authorized for expanded activities
- Alphavest Asset Management – received regulatory clearance
Meanwhile, the formal certifications were allocated to three key players in Morocco's investment management sector: Wafa Gestion, BMCE Capital Gestion, and Valoris Management.
Regulatory Significance
These approvals reflect the AMMC's ongoing role in supervising and developing Morocco's collective investment sector, ensuring that fund structures meet regulatory standards while facilitating market growth. The dual-track authorization system—combining both full licenses and specific fund certifications—allows for flexible expansion of investment products while maintaining regulatory oversight.