Regulatory Alerts2026-06-15
Banking Act 2004
The Banking Act 2004 establishes the comprehensive legal framework for the licensing, regulation, and supervision of banks and other financial institutions in Mauritius, primarily overseen by the central bank. It mandates requirements for capital structure, reserve accounts, liquid assets, and operational limitations, alongside provisions for financial statements, audits, and regular examinations to ensure prudential soundness. The Act also addresses corporate governance, electronic banking, anti-money laundering and combating terrorism financing, and procedures for conservatorship and liquidation of financial institutions.
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