Entries by Husam Shareef

Competition Act

On 31 August 2020, the Competition Act was published in the gazette which sets out the provisions to develop and maintain a competitive commercial environment for enterprises, and sets out restrictions, and prohibits business practices and arrangements which may have a negative impact on competition.

Maldives Chartered Accountants Act

On 8 September 2020 the Maldives Chartered Accountants Act was published, introducing a new independent institution – The Institute of Chartered Accountants of the Maldives. The Act empowers the governing council of the institute to regulate, and develop the field of chartered accountancy in the Maldives.