Financial Services (Consolidated Licensing and Fees) (Amendment No 2) Rules 2016

LEGAL SUPPLEMENT 1667
to the Government Gazette of Mauritius No. 85 of 24 September 2016

Government Notice No. 192 of 2016

FINANCIAL SERVICES ACT

FSC Rules made by the Financial Services Commission under section 93 of the Financial Services Act 2007

1. Citation
These Rules may be cited as the Financial Services (Consolidated Licensing and Fees) (Amendment No. 2) Rules 2016.

2. Interpretation
In these rules –
"principal Rules" means the Financial Services (Consolidated Licensing and Fees) Rules 2008.

3. The principal Rules amended
The First Schedule to the principal Rules is amended, in PART I – (a) in item FS-1.8, under the heading "FINANCIAL SERVICE PROVIDERS/ACTIVITIES", by adding the words "Rs 30,000 USD 1,000" in the fourth column and the words "Rs 75,000 USD 2,500" in the fifth column; (b) in item FS-1.9, under the heading "FINANCIAL SERVICE PROVIDERS/ACTIVITIES", by adding the words "Rs 30,000 USD 1,000" in the fourth column and the words "Rs 75,000 USD 2,500" in the fifth column; (c) under the heading "FINANCIAL SERVICE PROVIDERS/ACTIVITIES", by inserting immediately after item FS-1.9, the following new item –

FS-1.10	Global Legal Advisory Services	77A	30,000 USD 1,000	75,000 USD 2,500	-

1668 Government Notices 2016

(d) by inserting immediately after item FS-5.1, the following new heading and item –

Code	Licence	Investment Banking Relevant section of FSA	Processing Fee	Fixed annual fee	Variable annual fee
FS-6.1	Investment Banking Licence	79A	Rs 100,000	Rs 300,000	-

(e) under the heading "Securities or Capital Market Intermediaries" – (i) by inserting immediately after item SEC-2.5, the following new item –

Code	Licence	Relevant section of FSA	Processing Fee	Fixed annual fee	Variable annual fee
SEC-2.5A	Investment adviser (corporate finance advisory)	30	Rs 7,500 USD 750	Rs 50,000 USD 2,000	-

(ii) by inserting immediately after item SEC-2.7B, the following new item–

Code	Licence	Relevant section of FSA	Processing Fee	Fixed annual fee	Variable annual fee
SEC-2.7C	Representative of Investment adviser (corporate finance advisory)	30	Rs 2,500 USD 250	Rs 10,000 USD 750	-

4. Commencement
Made by the Financial Services Commission on 16 September 2016.