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2019-01-01

Securities (Brokerage Fees for Debentures) (Amendment) Rules 2019

The Financial Services Commission of Mauritius amended the Securities (Brokerage Fees for Debentures) Rules 2013 by replacing “CDS” and “SEM” with “Clearing and Settlement Facility” and “securities exchange”. These terminology updates align debenture brokerage fee calculations with current market infrastructure. The amended rules take effect on 16 November 2019.

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OliImac2/Govt Notices/FSC/ 6_Securities (Brokerage Fees for Debentures) (Amendment) Rules 2009 - 1st Proof 13/11/19 Vinit/Imac01/Govt Notices/2019/XXXXX - xx.xx.2019 - 1st Proof LEGAL SUPPLEMENT 2297 to the Government Gazette of Mauritius No. 122 of 16 November 2019 OliImac2/Govt Notices/FSC/ 6_Securities (Brokerage Fees for Debentures) (Amendment) Rules 2009 - 2nd Proof 14/11/19 Government Notice No. 243 of 2019 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

  1. These Rules may be cited as the Securities (Brokerage Fees for Debentures) (Amendment) Rules 2019.
  2. In these Rules, “principal Rules” means the Securities (Brokerage Fees for Debentures) Rules 2013.
  3. The principal Rules are amended – (a) by deleting the words “CDS” wherever they appear and replacing them by the words “Clearing and Settlement Facility”; (b) by deleting the words “SEM” wherever they appear and replacing them by the words “securities exchange”.
  4. These Rules shall come into operation on 16 November. 2019. Made by the Financial Services Commission on 18 October
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