It was operated by the Capital Market Development Authority (CMDA), the regulator.

However, the Securities Act 2006 requires that CMDA invite offers from a private company to establish and operate a stock exchange.

[1] The primary function of MSE is to facilitate companies raise capital through the issue of new securities.

It also provides clearing, settlement and depository services through a subsidiary, the Maldives Securities Depository (MSD) There are ten listed companies on Maldives Stock Exchange as of 20 August 2024.

[3] The Maldives Stock Exchange Index (MASIX) was published on 28 October 2004.