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2020-01-01

Financial Services (Consolidated Licensing and Fees) (Amendment No. 2) Rules 2020

The Financial Services Commission of Mauritius amended the licensing framework for market infrastructure providers by updating fee schedules in the First Schedule to the principal rules. The revision replaces item SEC-1.3, setting a Rs 250,000 processing fee and a minimum Rs 500,000 fixed annual fee for securities trading systems while leaving variable fees to the Commission's discretion. These updated licensing and fee requirements officially take effect on 11 June 2020.

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Financial Services Commission Mauritius

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The text below is an internet version of the rules issued by the Commission under the Financial Services Act 2007, Securities Act 2005 and Insurance Act 2005 and is for information purpose only. Whilst reasonable care has been taken to ensure its accuracy, the authoritative version is the one published in the Government Gazette of Mauritius. THE FINANCIAL SERVICES ACT 2007 FSC Rules made by the Financial Services Commission under Section 93 of the Financial Services Act 2007, Section 155 of the Securities Act 2005 and Section 130 of the Insurance Act 2005.

  1. These rules may be cited as the Financial Services (Consolidated Licensing and Fees) (Amendment No. 2) Rules 2020.
  2. In these rules – “principal rules” means the Financial Services (Consolidated Licensing and Fees) Rules
  4. Part 1 of the First Schedule to the principal rules is amended in the table for “Providers of Market Infrastructure” by deleting item “SEC-1.3” and replacing it by the following new item – Code Licence Section of Act Processing Fee (Rs) Fixed Annual Fee (Rs) Variable Annual Fee SEC-1.3 Securities Trading Systems S 11 250,000 Minimum of 500,000 To be determined by the Commission
  5. These rules shall come into operation on 11 June 2020. Made by the Financial Services Commission on 11 June 2020.
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