Regulatory Alerts2009-01-01
Financial Services (Consolidated Licensing and Fees) (Amendment) Rules 2009
The Financial Services Commission of Mauritius amended the Financial Services (Consolidated Licensing and Fees) Rules 2008 to introduce two new licence categories for capital market intermediaries. The amendment updates the First Schedule by adding Investment Dealer licences for commodity and currency derivatives segments, each specifying corresponding Securities Act sections, processing fees of Rs. 30,000 (US$1,000), and fixed annual fees of Rs. 90,000 (US$3,000). These updated licensing and fee requirements commenced on 1 November 2009 under the authority of the Financial Services Act 2007, Securities Act 2005, and Insurance Act 2005.
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