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Morocco's AMMC Grants 1 Approval and 31 UCITS Visas in September 2026

The Moroccan Capital Market Authority (AMMC) issued one new fund approval and 31 visas for collective investment undertakings (UCITS) in September 2026. The sole approval went to CDG Capital Gestion's SICAV Obligations Pérennité, a medium-to-long-term bond fund. Red Med Asset Management led visa issuance with 15, followed by BMCE Capital Gestion with 11. Medium- and long-term bond funds dominated the category breakdown with 11 visas, while equity funds received only two.

October 1st, 2026

1 min read

By boursenews.ma

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AMMC Regulatory Activity Picks Up in September

The Moroccan Capital Market Authority (AMMC) published its monthly registry showing one new fund approval and 31 visas granted for undertakings for collective investment in transferable securities (UCITS) during September 2026.

Single Approval Goes to CDG Capital Gestion

The lone approval, issued on September 18, was awarded to SICAV Obligations Pérennité, managed by CDG Capital Gestion. The fund falls under the medium- and long-term bond category (OMLT), signaling continued investor appetite for fixed-income products with longer duration profiles.

Visa Distribution by Asset Manager

Red Med Asset Management: 15 visas
BMCE Capital Gestion: 11 visas
Wafa Gestion: 4 visas
Valoris Management: 1 visa (FCP Emergence Growth)

Category Breakdown

Medium- and long-term bond funds: 11 visas
Diversified funds: 8 visas
Short-term bond funds: 7 visas
Money market funds: 3 visas
Equity funds: 2 visas

Notable Fund-Level Details

Wafa Gestion's visas cover Capital Performance, CDM Monétaire Plus, CDM Liquidités, and CDM Oblig Plus. The two equity funds appearing in the registry—FCP Alpha Dynamic Fund and FCP Alpha Equity—are both managed by Red Med Asset Management.

The data reflects a regulatory pipeline heavily weighted toward fixed-income and diversified strategies, with equity exposure remaining minimal in the September cohort.