Regulatory Alerts2016-01-01
Securities (Brokerage Fees for Government of Mauritius and Bank of Mauritius Securities) (Amendment) Rules 2016
The Financial Services Commission issued these amendment rules to modify the brokerage fee framework for Government of Mauritius and Bank of Mauritius securities. The amendment replaces the previous exemption clause with a provision explicitly stating that the brokerage fee rules do not apply to either the State or the Bank of Mauritius. These rules took effect on 13 June 2016 following their promulgation on 9 June 2016.
1238 Government Notices 2016
Government Notice No. 132 of 2016
THE SECURITIES ACT
Rules made by the Financial Services Commission under section 155 of the Securities Act
1. These Rules may be cited as the Securities (Brokerage Fee for Government of Mauritius Securities and Bank of Mauritius Securities) (Amendment) Rules 2016.
2. In these Rules --
"principal Rules" means the Securities (Brokerage Fee for Government of Mauritius Securities and Bank of Mauritius Securities) Rules 2011.
3. Rule 3 of the principal Rules is amended by revoking paragraph (4) and replacing it by the following paragraph –
(4) These rules shall not apply to the State or to the Bank of Mauritius.
4. These Rules shall come into operation on 13 June 2016.
Made by the Financial Services Commission on 9 June 2016.
BY AUTHORITY: THE GOVERNMENT PRINTING DEPARTMENT, LA TOUR KOENIG 51/06/16 – 1260