
Stocks Market
AMMC Unveils 2026 Strategic Priorities to Boost Morocco’s Capital Market
Building on a strong 2025 performance, Morocco’s capital‑market regulator, the AMMC, has set out an ambitious 2026 action plan. The roadmap focuses on making the market more efficient and accessible, while championing sustainability, technological innovation, financial inclusion, education, and robust supervision. The plan also accelerates digital transformation and AI adoption within the authority. The summary highlights the 2025 milestones – a doubling of bond issuances, a 70 % rise in equity offerings, record mutual‑fund subscriptions, and a surge in securitisation – as a springboard for the six strategic axes that will guide the AMMC’s work throughout the year.
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After a dynamic 2025 that saw the Moroccan capital market deepen its role in financing the real economy, the Autorité Marocaine du Marché des Capitaux (AMMC) has outlined a comprehensive set of priorities for 2026. The roadmap builds on the authority’s 2021‑2025 strategic framework and translates the achievements of the previous year into clear, action‑oriented goals.
2026 Action Priorities – Five Strategic Axes
Axis 1 – Build an Efficient, Accessible Capital Market
- Expand market‑based financing for businesses of all sizes.
- Maintain and strengthen the momentum of the Casablanca Stock Exchange.
Axis 2 – Support Financial Innovation and Sustainable Finance
- Implement the national sustainable‑finance strategy and governance framework.
- Foster innovative financing solutions, promote financial inclusion, and improve market efficiency.
- Deepen regional cooperation on fintech and green‑finance initiatives.
Axis 3 – Boost Financial Education for Savings Mobilisation and Investor Protection
- Broaden the reach of financial‑literacy programmes.
- Expand the scope of professional authorisation and capacity‑building.
Axis 4 – Adapt Supervision to an Evolving Market Landscape
- Consolidate a risk‑based supervisory approach and thematic inspections.
- Ensure market integrity and protect investors.
- Assist market participants in complying with AML/CFT requirements.
- Widen the AMMC’s supervisory perimeter to cover emerging products.
Transversal Axis – Enhance Internal Organisation and Digital Capability
- Continue the digitalisation agenda and integrate Artificial Intelligence into regulatory processes.
- Strengthen staff expertise and embed a robust ESG/CSR policy.
Key 2025 Achievements
The 2025 fiscal year delivered a strong surge in capital‑market activity:
- Bond issuances more than doubled in volume.
- Equity listings grew by roughly 70 %, driven by three IPOs worth MAD 6 billion.
- Net subscriptions to mutual‑fund schemes (OPCVM) reached MAD 84.8 billion – almost twice the 2024 level.
- Securitisation volumes jumped to MAD 15.5 billion from MAD 2.4 billion a year earlier.
Major Milestones for the AMMC in 2025
- Updated regulatory framework for asset‑management companies.
- Enhanced oversight of the futures market.
- Support programmes for fintech innovators.
- Strengthened international cooperation agreements.
- Expanded financial‑education initiatives across the country.
- Continued authorisation of market professionals.
- Increased digital inspection tools and real‑time monitoring.
- Intensified market‑abuse surveillance and preventive actions.
- Ongoing commitment to AML/CFT standards.
- Advanced data‑analytics strategy and digital transformation rollout.
- Enhanced cybersecurity measures.