About Capital Markets

The Capital Markets Development Authority (CMDA) was established under the Capital Markets Development Authority Act of 1996. It became fully operational in January 1998.

CMDA VISION
To have thriving capital markets in Fiji, which finances business investment and development and promotes the expansion of the Fiji economy.

CMDA MISSION STATEMENT
To facilitate the fair and orderly development of the capital markets so that businesses have access to capital and at the same time investors are provided with investment opportunities.

BROAD PURPOSE OF THE CMDA
The CMDA's broad purpose is to develop efficient and thriving capital markets in Fiji and to develop and regulate the activities of the various market participants.

MAJOR OBJECTIVES OF THE CMDA:

1.	To facilitate the supply of good marketable debt and equity securities;
2.	To undertake appropriate educational and public awareness campaigns to broaden the public ownership of debt and equity securities;
3.	To develop the appropriate institutional infrastructure and human resource capabilities required of an active capital market;
4.	To license market participants as specified within the CMDA Act and Regulations;
5.	To protect investors by ensuring the maintenance of fair and honest markets through the adequate supervision of market participants and enforcing the regulations where appropriate;
6.	To promote enhanced disclosure requirements;
7.	To collect statistics to monitor and analyse the prevailing conditions within the capital markets, within the context of the whole financial system;
8.	To formulate policy and advise Government on capital markets development and regulation;
9.	To ensure that the CMDA has appropriately qualified staff and other resources to enable it to fulfill its objectives in a timely and cost effective manner, whilst maintaining a high quality standard.