Regulatory Alerts2008-09-08
Banking (Processing and Licence Fees) (Amendment) Regulations 2008
The Bank of Mauritius, with ministerial approval, issued the Banking (Processing and Licence Fees) (Amendment) Regulations 2008 to update statutory fee schedules for financial institutions. The amendment revokes and replaces Part III of the 2007 principal regulations, establishing new processing fees of Rs 25,000 for foreign exchange dealers and Rs 10,000 for money-changers. It also sets fixed licence fees at Rs 300,000 and Rs 150,000 for the principal places of business of foreign exchange dealers and money-changers respectively, alongside reduced rates for additional locations.
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