Regulatory Alerts2012-02-13
Banking (Processing and Licence Fees) (Amendment) Regulations 2011
The Bank of Mauritius, with the Minister's approval, has amended the Banking (Processing and Licence Fees) Regulations 2007 to update fee structures for foreign exchange dealers and money-changers. The amendments revise Regulation 6(4) to mandate daily fees for entities operating at locations other than their principal or regular business premises. Additionally, the Schedule now specifies a 2,000 daily fee for both foreign exchange dealer and money-changer licences, with the regulations taking effect on 1 January 2012.
Share