Committee on Secondary Legislation

Committee on Secondary Legislation's 5th Meeting 2026

23 Jun 2026 Number M20/M/GV/2026/05

Summary

In today’s meeting, members discussed the issue sent requesting to prepare the statistics of regulations that need to be formed under the acts passed by the parliament and to take necessary actions to expedite the process. The committee secretariat was asked to obtain the necessary information to prepare the statistics mentioned.

Secondly the committee discussed the letter send by the Ministry of Homeland, Security and Technology regarding the regulations to be formed under the Act no 2/2022 (Electronic Transactions Act). As the ministry informed that they are in the process of finalizing the Dhivehi translation of the regulation, the committee decided to request the deadline of the process from the ministry. 

Lastly, the committee discussed the issue sent by Maldives Financial Association raising concerns regarding the second amendment to the regulation on corporate governance for banks, insurance companies, and financial institutions. It was decided to share the information from the Maldives Monetary Authority regarding this issue with the association.

Attendance

Mohamed Ibrahim

North Galolhu

Present

Ahmed Naseer

Ihavandhoo

Present

Mohamed Dawoodh

North Kulhudhuffushi

Present

Husnee Mubarik

Manadhoo

Present

Mohamed Abbas

Velidhoo

Official

Abdul Sattar Mohamed

Holhudhoo

Present

Ibrahim Naseem

Thulusdhoo

Present

Dr. Anara Naeem

Huraa

Present

Hassan Waheed

Vilifushi

Present

Ismail Shafeeu

Isdhoo

Present

Yoosuf Nasheed

Gan

Absent

Works

29 Apr 2026

Issue sent requesting to prepare the statistics of regulations that need to be formed under the acts passed by the parliament.

Ongoing

16 Dec 2024

Letter sent to clarify whether the Ministry of Homeland, Security and Technology has formulated the regulations to be framed under Act no 2/2022 (Electronic Transactions Act).

Ongoing

20 Aug 2024

Issue sent by Maldives Financial Service Association regarding the second amendment brought to the Corporate Governance regulation of Insurance companies and Financial Institutions

Ongoing

Attendance Summary

  • Present
    09
  • Absent
    01
  • Simultaneous Committee
    00
  • Sick Leave
    00
  • Leave
    00
  • Official
    01
  • Attendance Not Required
    00

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