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2013-01-01

Financial Services (Consolidated Licensing and Fees) (Amendment) Rules 2013

The Financial Services Commission of Mauritius issued the 2013 Amendment Rules to update licensing and fee structures under the Financial Services Act 2007, Securities Act 2005, and Insurance Act 2005. The amendment modifies the principal 2008 Rules by adding two new financial service provider categories, Global Headquarters Administration and Global Treasury Activities, to the licensing schedule. These new categories are authorized under Section 14 of the Financial Services Act and take effect on 15 March 2013, establishing a standardized framework for their regulatory oversight and fee assessments.

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The text below is an internet version of the Rules made by the FSC under section 93 of the Financial Services Act 2007, section 155 of the Securities Act 2005 and section 130 of the Insurance Act 2005 and is for information purposes only. Whilst reasonable care has been taken to ensure its accuracy, the authoritative version is the one published in the Government Gazette of Mauritius. FINANCIAL SERVICES (CONSOLIDATED LICENSING AND FEES) (AMENDMENT) RULES 2013 FSC Rules made by the Financial Services Commission under Section 93 of the Financial Services Act 2007, Section 155 of the Securities Act 2005 and Section 130 of the Insurance Act 2005.

  1. Citation These Rules may be cited as the Financial Services (Consolidated Licensing and Fees) (Amendment) Rules 2013.
  2. Interpretation In these Rules – “principal Rules” means the Financial Services (Consolidated Licensing and Fees) Rules
  4. The principal Rules amended Part 1 of the First Schedule to the principal Rules is amended in the Table for “Financial Service Providers / Activities” by adding immediately after the item FS-1.7, two new items as specified in the Schedule to the present Rules.
  5. Commencement These Rules shall come into operation on 15 March 2013. Made by the Financial Services Commission on 1 March 2013.

SCHEDULE [Rule 3] Financial Service Providers / Activities Code Licence Relevant Section of Financial Services Act 2007 (FSA 2007) Processing Fee (Rupees/ US$) Fixed Annual Fee (Rupees /US$) Variable Annual Fee (Rupees/ US$*) FS-1.8 Global Headquarters Administration S 14 - - - FS-1.9 Global Treasury Activities S 14 - - -

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