Regulatory Alerts2018-01-01
Financial Services (Consolidated Licensing and Fees) (Amendment No. 3) Rules 2018
The Financial Services Commission of Mauritius issued these rules to amend the 2008 Consolidated Licensing and Fees framework by introducing updated definitions for Category 1 and Category 2 Global Business Licences. The amendments standardize terminology across key provisions and schedules by replacing "GBC 1" with "GBC / GBC 1" and expanding licence references to include Global Business Licences. A tiered variable annual fee schedule for registered agents managing authorised companies is established, with fees ranging from 2,000 to 5,000 USD based on company count, and the rules take effect on 1 January 2019.
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