Investable Assets

MRPS investments can be made in the following asset classes in the Maldives as per the Pension Act:

• Bank accounts and monetary funds such as bank deposits, held in banks licensed by the Maldives Monetary Authority, which are not under enforcement action and are not subject to suspension of licence.

• Securities issued by a relevant body of the Government of Maldives and to the extent guaranteed by such a body.

• Securities issued by business entities listed on a licensed stock exchange in the Maldives.

• Mutual and investment funds duly approved in the Maldives.

• The Pension Act also allows MRPS to invest overseas in the asset classes listed above.

The Pension Act does not allow MRPS investments to be made in the following asset classes:

• Securities which are not listed and traded publicly.

• Assets which are not capable of alienation from other assets by law.

• Certain types of derivative instruments determined by the Securities Market Regulator.

• Real estate and other assets which are not listed on a regulated market and for which valuation is uncertain.

• Other types of assets determined by the Securities Market Regulator.