The scope primarily covers secondary listings by Maldivian companies on the Colombo Stock exchange (CSE), as well as extends to mutual collaboration, capacity building assistance and regulatory information exchanges between the two capital market regulators to ensure compliance with laws and regulations across both jurisdictions.

The longstanding relationship between Maldives and Sri Lanka has thrived over the years, with both nations engaging in continuous dialogue on areas of mutual interest for national development.

Maldives first established a mission in Sri Lanka (then the Dominion of Ceylon) in July 1965, and has a High Commission in Colombo. Sri Lanka has a High Commission in Malé. Both countries were founding members of the South Asian Association for Regional Cooperation (SAARC) in December 1985