Regulatory Alerts2017-03-03
Bank of Mauritius (Processing Fee for the Reproduction of Currency Notes and Coins) Regulations 2017
The Bank of Mauritius, with ministerial approval, has established a fixed non-refundable processing fee of 10,000 rupees for applications seeking written permission to reproduce currency notes and coins. Enacted under section 43A(1A) of the Bank of Mauritius Act, this regulation standardizes the administrative cost for entities requesting official reproduction rights. The fee applies uniformly to all submissions and must be paid upon application, thereby formalizing the financial requirement effective January 2017.
LEGAL SUPPLEMENT 241 to the Government Gazette of Mauritius No. 19 of 18 February 2017
Government Notice No. 33 of 2017
THE BANK OF MAURITIUS ACT
Regulations made by the Bank of Mauritius, with the approval of the Minister, under section 43A(1A) of the Bank of Mauritius Act
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These regulations may be cited as the Bank of Mauritius (Processing Fee for the Reproduction of Currency Notes and Coins) Regulations 2017.
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In these regulations –
"Act" means Bank of Mauritius Act.
- For the purpose of section 43A(1A) of the Act, the non-refundable processing fee payable in respect of an application for the written permission of the Bank shall be 10,000 rupees.
Made by the Bank of Mauritius, with the approval of the Minister, on 30 January 2017.