Morocco’s Competition Council supports a draft law (16.22) allowing notaries to handle funds in property and commercial transactions, mirroring the role of authorized signatories. This move aims to streamline financial processes within these transactions. However, the Council insists on implementing “guarantees” to ensure security and prevent misuse of funds. The Council’s positive opinion on the draft law is expected to be officially released this week. The government is preparing to implement the law, aiming to modernize and regulate financial aspects overseen by notaries. This decision seeks to enhance trust and efficiency in Morocco's legal and financial systems. The safeguards’ specifics haven’t been detailed but are considered crucial for the law's implementation.