Regulatory Alerts2020-01-01
Securities (Licensing) (Amendment) Rules 2020
The Financial Services Commission of Mauritius issued the Securities (Licensing) (Amendment) Rules 2020 to amend Rule 10A by excluding Trading Securities Systems licence holders from its scope. The amendment inserts a new paragraph that clarifies this exemption, preventing regulatory overlap for specific market participants. These rules took effect on 11 June 2020, establishing clear licensing boundaries for securities operations.
1 The text below is an internet version of the Rules made by the Financial Services Commission under the Securities Act 2005 and the Financial Services Act 2007 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 SECURITIES ACT 2005 FSC Rules made by the Financial Services Commission under section 93 of the Financial Services Act 2007 and section 155 of the Securities Act 2005
- These rules may be cited as the Securities (Licensing) (Amendment) Rules 2020.
- Rule 10A of the Securities (Licensing) Rules is amended by inserting, after paragraph (3), the following new paragraph – (4) For avoidance of doubt, this rule shall not apply to the holder of a Trading Securities Systems licence issued under section 11 of the Securities Act.
- These rules shall come into operation on 11 June 2020. Made by the Financial Services Commission on 11 June 2020.