This Platform is operated by Maldives Stock Exchange Company Pvt. Ltd.
Use”), and it accompanies the following user terms and conditions:
will connote as follows:
Company - shall mean a Company registered in the Maldives in accordance with the relevant laws and regulations.
Investor - shall mean a legal or natural person, approved by CMDA as an Investor for the purpose of Viyana.
Issuer - shall mean a Company registered in the Republic of Maldives and approved as an Issuer by CMDA for the purpose of Viyana.
Insitutional Investor - shall mean a legal entity registered in the Maldives, approved by CMDA for the purpose of Viyana.
Representatives - shall mean any person appointed as per requirements for the purpose of representing an Issuer and/or an Insitutional Investor on Viyana.
Retail Investor - shall mean any natural person approved by CMDA for the purpose of Viyana.
Users - shall include CMDA, Issuers and Investors and any third parties having direct or indirect access to Viyana.
Viyana - refers to the electronic platform https://viyana.mv used to operate the private placement market by the Maldives Stock Exchange.
|3.1.||Maldives Stock Exchange reserves the right to withdraw/amend the content and/or access to Viyana at any time, without notice, and will not be liable for any loss or damages, or actions, if for any reason, Viyana (or any content on Viyana) is unavailable at any time for any period.|
|3.4.||An approved Users identification code, password and/or pre-selected answers to security questions are given to registered users through their specified mode of access. It is their responsibility to keep such information safe and confidential at all times.|
|3.5.||If you suspect that your respective identification code, password and/or pre-selected answers to security questions have become knowledge of any other person without your consent, it is your responsibility to request for an update via Viyana.|
|4.1.||The Maldives Stock Exchange shall be the owner of all intellectual property rights in Viyana including all contents published on it at all times.|
|4.4.||Although the intellectual property rights in any content uploaded to Viyana respectively by you is owned by you, as far as the content remains on Viyana, MSE is granted a world-wide, royalty free license to use, store, copy, distribute, display and make available that content, and to permit other members of the site to use, download, print and reproduce the content for its designated purpose.|
|4.5.||You will have to indemnify MSE for any losses, liabilities, costs, expenses, claims or proceedings that MSE suffers or incurs, or will suffer or incur as a result of or in connection with any breach by you or your obligations or warranties as per paragraph 4.3 and 4.4.|
|4.6.||MSE is not responsible for, and makes no warranties, representations, undertakings or guarantees in respect of any content on Viyana provided by Users. Any view expressed by any User on Viyana is their respective view, and not MSE’s view.|
Any content uploaded to Viyana must:
You must not upload to Viyana any content which:
|6.1.||Information uploaded on Viyana is provided for the specific purpose of the private market only and is not intended to amount to investment advice on which an Investor should rely. MSE is not liable or responsible for any reliance placed on such material by a User or anyone who you may inform of any of its contents.|
|7.1.||MSE provides no guarantees, warranties, representations or undertaking that the content on the Viyana is accurate, complete or up to date at any given time.|
The content and information on Viyana is provided without guarantees, representations, undertakings, or warranties by MSE as to its accuracy or that it will be error free. To the extent permitted by law MSE hereby expressly excludes:
|9.1.||By using Viyana you are consenting to MSE processing any information, including personal data and information that you provide or that MSE collects from you as a result of your use of Viyana.|
|9.2.||You are only permitted to use Viyana for lawful purposes and in compliance with all applicable laws and regulations.|
In addition to this, you must not
|9.4.||By breaching clause 8.2, you may commit a criminal offence. MSE will report any such breach to the relevant law enforcement authorities and MSE will cooperate with those authorities by disclosing your identity to them. In the event of such a breach, members right to use Viyana will cease immediately.|
|9.5.||MSE makes no warranties, representations, undertakings or guarantees that Viyana is secure or free from bugs or viruses. MSE will not be liable for any loss or damage caused by a denial-of-service attack or viruses that may infect the Users computer equipment, device, computer programs, system, data or other proprietary material due to the use of Viyana or to Users downloading of any content posted on it, or on any website linked to it. Users are responsible for ensuring that the device from which members access Viyana has suitable anti-virus software.|
|10.1.||Users of Viyana undertakes not to disclose any confidential information to any third parties, unless for the sole purpose for which the information is provided.|
|10.4.||Should it be necessary to disclose confidential information to third parties to comply with mandatory provisions of law or mandatory regulations or with others issued by judicial or regulatory authorities, the disclosing party undertakes to disclose the confidential information solely to the extent necessary, subject to the prior timely notice to MSE. And the person whom the confidential information belongs (as appropriate) to such effect by email and by registered post.|
|10.6.||The obligations referred to in this clause shall also apply to any such representatives to whom the potential investor provides confidential information in accordance with paragraph 9.5.|
|11.1.||Links to other websites or resources provided by third parties are provided as a means for members to attain further information only. MSE has no control over the content of such websites or resources, and therefore is not responsible for them, or for any loss or damage that may arise from members’ use of them.|
For any queries or complaints, please contact MSE via:
The parties agree that the courts of Maldives are to have exclusive jurisdiction to settle any dispute which may arise out of or in connection with:
All notices and communications hereunder shall be in writing and shall be delivered or sent by email to the email address notified by the parties to each other from time to time.
Email address for the service of notice or communication is email@example.com
Investing in a private business involves risks, including illiquidity (the inability to sell securities quickly or without substantial loss in value), the probability of default on repayments, loss of investment and dilution.
Viyana is available exclusively for investors who understand these risks and make their own investment decisions.
Viyana is organised and regulated by the Capital Market Development Authority (CMDA) and the Maldives Stock Exchange Company Pvt. Ltd.
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