The Ministry of Economic Development has hosted the opening ceremony of the 17th annual Corporate Registers Forum (CRF).
The Corporate Registers Forum (CRF) is an association of international corporate registries. The membership is open to government agencies and their officials responsible for the administration of corporate registers (a register of companies for example).
The CRF Annual Conference is combined with the Annual General Meeting and provides delegates with the opportunity to review the latest developments in corporate business registers internationally and exchange experiences and information on the present and future of business registries.
Ms. Mariyam Visam, the Registrar of Companies for the Republic of Maldives currently serves and represents Maldives on the CRF Executive Committee together with being the Conference Director for the 17th Annual CRF Conference.
The Conference is being held in Paradise Island Resort from the 21st of September 2022 until the 24th of September 2022. Opening session of the conference and selected sessions will be broadcasted on the conference official website; www.crf2022maldives.org
This years’ CRF Conference with the theme “Transforming Business Registries for the Post Pandemic Era” brings together over 100 professionals from 35 countries representing 27 jurisdictions comprising of Justices, Ministers, Registrars and Industry Experts coming together to share their experiences to cater for a more resilient future for business registries.
Justice of the Supreme Court of the Maldives, H.E. Justice Uz. Husnu Al Suood joined as the Chief Guest for the opening ceremony which took place on Thursday, 22nd September 2022 at Paradise Island Resort.
In his opening remarks, H.E. Justice Uz. Husnu Al Suood recaptured the history of Entrepreneurship in Maldives and how Companiew Law has developed over time. In his speech, he emphasized that the courts should be prompt, clear, reasonably predictable and should have a coherent economic rationale. “ We must focus on ways to improve the judicial decision making to create an enabling environment for companies to operate their affairs in a fair and just manner.”
The Opening Ceremony of CRF 2022 Maldives was graced by State Minister for Economic Development of the Maldives, Ms. Neeza Imad, who spoke about the importance of deregulation and providing regulatory clarity. She also stressed that small registries similar to Maldives Business Registry are able harmonize regulatory requirements and develop more resilient systems by learning from the international registry community and commended the work of the Corporate Registers Forum for successfully engaging Business Registries across the globe.
CRF President Ms. Louise Smyth also noted that the 17th annual conference will provide a platform for all Registrars to learn from one another, to share their ideas and hear new perspectives on all the important issues in 21st century post-pandemic corporate registry.
The Opening Ceremony was also honored by various distinguished guests across major institutions of the Maldives; Commissioner General of Taxation – Mr. Fathuhulla Jameel, C.E.O of Capital Market Development Authority – Mr. Mohamed Hussain Maniku, Chairperson of the 19th Parliament Committee on Economic Affairs – Mr. Mohamed Rasheed Hussain, along with other government officials and stakeholders.
This year’s Corporate Registers Forum will serve as a platform for a myriad of speeches and panel discussions which will encapsulate topics on industry best practices and standards for corporate registries, local and international regulatory frameworks revolving business registries, experts’ outlook on the future of business registries, World Bank report on Trends in Business Entry around the World, European Business Registry Association Activities, International Business Registries Survey and Report, connecting registries and data standardization inter alia.
The aspiration of this year’s forum is consolidating the resilience of business registries across the globe through meaningful collaboration. For more information: www.crf2022maldives.org