Lawmakers approved the Media and Broadcasting Regulations Bill late Tuesday despite opposition from local and international rights groups.
President Mohamed Muizzu must ratify the bill before it takes effect, potentially as early as Wednesday.
Rights groups including Reporters Without Borders had demanded the bill be scrapped due to its threat to press freedom and expression.
The seven-member commission will include three parliament appointees and four from the media industry, though parliament can dismiss them.
It will also have authority to revoke media licences and initiate punitive proceedings against editorial offices.
The Maldivian Foreign Ministry stated the legislation aims to strengthen public confidence and address misinformation.
RSF ranks the Maldives at 104 out of 180 countries in its World Press Freedom Index.
The island nation ranks higher than neighbours Sri Lanka at 139 and India at 151. – AFP
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