Regulatory Alerts2019-01-01
Securities (Licensing) (Amendment) Rules 2019
The Financial Services Commission issued the Securities (Licensing) (Amendment) Rules 2019 to update licensing categories and qualification requirements for securities dealers in Mauritius. The amendments introduce a new Investment Dealer (Derivatives) classification, define market-maker for futures contracts, and establish specific diploma and five-year experience prerequisites alongside updated schedule fees. These rules also grant exemptions from certain licensing provisions for dealers operating in Government of Mauritius and Bank of Mauritius securities segments, taking effect on 16 November 2019.
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