LogoRegulatory Alerts
2021-01-01

Financial Services (Consolidated Licensing and Fees) (Amendment No. 4) Rules 2021

The Financial Services Commission issued these rules to amend the consolidated licensing and fees schedule effective 4 September 2021. The amendments introduce a new fee structure for crowdfunding activities, specifying fixed amounts of Rs 40,000 or Rs 80,000 alongside a 0.35 percent charge on gross fees. Additionally, the rules impose an extra annual fee of Rs 200,000 for entities authorized to operate as real estate investment trusts across multiple existing license categories.

Financial Services Commission Mauritius logo

Mauritius

Financial Services Commission Mauritius

Click to view thumbnail

Gopee imac4/Govt Notices/2021/Financial Services Amd No. 4 - 1st Proof Government Notices 2021 2169 Government Notice No. 220 of 2021 THE FINANCIAL SERVICES ACT FSC Rules made by the Financial Services Commission under Section 93 of the Financial Services Act

  1. These rules may be cited as the Financial Services (Consolidated Licensing and Fees) (Amendment No. 4) Rules 2021.
  2. In these rules – “principal rules” means the Financial Services (Consolidated Licensing and Fees) Rules 2008.
  3. The First Schedule to the principal rules is amended, in PART I, - (i) under the heading “FINANCIAL SERVICE PROVIDERS / ACTIVITIES”, by adding the following new item – FS￾1.19 Crowdfunding 14 Rs. 40,000 (USD 1,000) Rs. 80,000 (USD 2,000) 0.35% of gross fees from Crowdfunding activities (ii) under the heading ‘Collective Investment Schemes and Closed-end funds’ , in items SEC 3.1A, SEC 3.1 Bv, SEC 3.1Cv, SEC 3.2A, SEC 3.2Bv, SEC 3.2Cv by adding the following phrase in the fifth column – ‘An additional annual fees of Rs 200,000 (USD5000) in case of an authorisation to operate as a REIT’
  4. Commencement These Rules shall come into operation on 04 September 2021. Made by the Financial Services Commission on 04 September
Share