Regulatory Alerts2024-01-01
Financial Services (Spot Commodity Market and Intermediaries) Rules 2024
The Financial Services Commission of Mauritius has promulgated rules establishing comprehensive licensing, capital, and operational frameworks for spot commodity markets, clearing houses, and intermediaries. The regulations mandate that licensed entities maintain a minimum capital of 6.5 million rupees, ensure responsible sourcing compliance, and implement robust risk management, IT resilience, and dispute resolution mechanisms. Furthermore, the rules impose strict reporting obligations, including quarterly trading data submissions and annual activity reports, to guarantee market transparency and investor protection.
Share