Financial performance certification is a commitment by the Pension Fund of Morocco (Caisse marocaine des retraites (CMR)) since 2009 concerning its governing bodies. This practice is part of the management reserve fund's modernization (FDR: fonds de réserve) scheme.

In fact, the CMR opted, without regulatory constraint, for the performance certification of the various pension plan portfolios it manages. It is an annual total portfolio and asset class financial performance audit by an independent expert.

The purpose of this practice is to provide governance bodies with the guarantee that the published performance content meets the standards in force in Morocco as well as international standards relating to the portfolio performance calculation. It also allows continuous improvement of FDR's financial management process entrusted to the Fund.

Finally, this practice allows the CMR to consolidate its internal management with the FDR outsourced part entrusted to external managers.