Regulatory Alerts2025-12-02
The Banking Act 2004
The Bank of Mauritius enacted this Act to establish a comprehensive regulatory framework for licensing, capitalizing, and supervising banks and other financial institutions operating in Mauritius. It mandates minimum capital and liquid asset holdings, operational limits on risk concentration and investments, and strict governance standards for directors and senior officers across conventional, Islamic, digital, and private banking sectors. The legislation further integrates anti-money laundering protocols, regulatory sandboxes for fintech experimentation, and structured conservatorship and liquidation procedures to ensure systemic stability and customer protection.
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