Regulatory Alerts2018-01-01
Financial Services (Consolidated Licensing and Fees) (Amendment) Rules 2018
The Financial Services Commission amended Mauritius licensing regulations by introducing standardized application forms, fixed processing fees, and a streamlined approval process for Authorised Companies. The Chief Executive may approve applications within seven days upon verifying legal compliance, business plans, and public interest considerations, while the Board retains referral authority. The rules also establish advance annual fees, tiered late payment charges, a twelve-month lapse threshold with reinstatement provisions, and an effective date of 1 October 2018.
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