The Dahir N° 1-93-211 established a guarantee fund aimed at compensating customers of brokerage firms in liquidation. This fund, to which brokerage firms are obliged to contribute, is managed by the Council for the Code of Ethics in Securities Markets (CDVM). The commitments covered by the guarantee include the restitution of securities and cash deposited at the brokerage firms in liquidation, to a maximum of MAD 200,000 per customer.  

In order to ensure greater transparency in shareholding structures, any shareholder of a company listed on the Casablanca Stock Exchange should abide by the obligation to declare the breach of threshold levels, as demanded by regulations in force.

Any shareholder who breaches, either to the upside or to the downside, the 5%, 10%, 20%, 33.33%, 50% or 66.66% thresholds of ownership of the capital of a listed company must notify the company, the Council for the Code of Ethics in Securities Markets and the Casablanca Stock Exchange. He must also clearly specify his intentions.

Any shareholder who does not declare such a breach of threshold levels, either to the upside or to the downside, is liable to a fine of MAD 5,000 to MAD 100,000. In case of a non-declared breach of a threshold level to the upside, he also risks losing voting rights for two years on those shares exceeding the amount that should have been declared.