The Government Council, meeting in Rabat on Wednesday under the chairmanship of Head of Government Aziz Akhannouch, approved Bill 58-22 amending and supplementing Law 41-05 on Collective Capital Investment Schemes (OPCC).
This project, which was presented by Economy and Finance Minister Nadia Fettah, is part of efforts to strengthen the role of investment capital in supporting economic recovery and improving the competitiveness of small and medium-sized enterprises (SMEs).
Additional, it aims to accompany the operationalization of the Mohammed VI Investment Fund, which relies in its interventions on specialized sectoral funds affiliated to it, said Government Spokesperson Mustapha Baitas at a press conference held after the Council.
According to him, this project also seeks to establish a framework for mobilizing private savings and directing them towards the financing of projects, which will boost the capital market to support the financing needs of the economy and improve the investment climate and its attractiveness for foreign and domestic investment to achieve inclusive and sustainable economic growth.
He stressed, in this sense, that this project includes a number of innovations related to the creation of a new category of OPCC with relaxed operating rules for professional investors, the expansion of categories of investors, through the adoption of a specific framework for professional investors.
It also includes novelties related to the opening of the possibility of granting loans by the CCTPOs with relaxed management rules, with the definition of a set of rules and requirements to which the investment undertakings with relaxed management rules and their management companies must submit.
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