LogoRegulatory Alerts
2014-01-01

Securities (Brokerage Fee for Government of Mauritius Securities and Bank of Mauritius Securities) (Amendment) Rules 2014

The Financial Services Commission of Mauritius has amended the brokerage fee schedule for transactions involving Government of Mauritius and Bank of Mauritius securities. The revised schedule establishes tiered total brokerage fees ranging from 100 to 2,500 Mauritian rupees based on transaction values up to 20 million rupees, distinguishing between designated Investment Dealers and other market participants. These amended rules commenced on 25 August 2014, directly standardizing transaction cost calculations under the principal 2011 framework.

Financial Services Commission Mauritius logo

Mauritius

Financial Services Commission Mauritius

Click to view thumbnail

The text below is an internet version of the Rules made by the Financial Services Commission under section 93 of the Financial Services Act 2007 and section 155 of the Securities Act 2005 and is for information purposes only. Whilst reasonable care has been taken to ensure its accuracy, the authoritative version is the one published in the Government Gazette of Mauritius (GN No. 163 of 2014) THE SECURITIES ACT FSC Rules made by the Financial Services Commission under section 93 of the Financial Services Act 2007 and section 155 of the Securities Act 2005

  1. Citation These Rules may be cited as the Securities (Brokerage Fee for Government of Mauritius Securities and Bank of Mauritius Securities) (Amendment) Rules 2014.
  2. Interpretation In these Rules- “principal Rules” means the Securities (Brokerage Fee for Government of Mauritius Securities and Bank of Mauritius Securities) Rules 2011.
  3. Schedule to the principal Rules amended The Schedule to the principal Rules is deleted and replaced by the following –

SCHEDULE [Rule 3] PART I For transaction fees payable by clients of Investment Dealers (Government of Mauritius Securities and Bank of Mauritius Securities Segment) Value of Transaction Securities Exchange CDS Commission Total Brokerage Fee Rs Not exceeding 1 million 45 45 10 100 More than 1 million but not exceeding 5 million 225 225 50 500 More than 5 million but not exceeding 10 million 450 450 100 1,000 More than 10 million but not exceeding 15 million 675 675 150 1,500 More than 15 million but not exceeding 20 million 900 900 200 2,000 More than 20 million 1,125 1,125 250 2,500

PART II For transaction fees payable by clients of Investment Dealers other than Investment Dealers (Government of Mauritius Securities and Bank of Mauritius Securities Segment) Value of Transaction Investment Dealer Securities Exchange CDS Commission Total Brokerage Fee Rs Not exceeding 1 million 65 16 16 3 100 More than 1 million but not exceeding 5 million 323 80 80 17 500 More than 5 million but not exceeding 10 million 646 160 160 34 1,000 More than 10 million but not exceeding 15 million 969 240 240 51 1,500 More than 15 million but not exceeding 20 million 1,292 320 320 68 2,000 More than 20 million 1,615 400 400 85 2,500 4. Commencement These Rules shall come into operation on 25 August 2014. Made by the Financial Services Commission on 21 August 2014.

Share