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2008-10-23

Bank of Mauritius (Compoundable Offences) Regulations 2008

The Minister of Mauritius, exercising powers under the Bank of Mauritius Act 2004, designates specific statutory breaches as compoundable offences. The regulations explicitly list violations under sections 50(5), 53, and 68(1) of the Act as eligible for financial settlement without full prosecution. These provisions apply retroactively to 10 November 2004, establishing a streamlined compliance framework for regulated entities.

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Government Notice No. 210 of 2008 THE BANK OF MAURITIUS ACT 2004 Regulations made by the Minister under sections 69 and 70(1)(b) of the Bank of Mauritius Act 2004

  1. These regulations may be cited as the Bank of Mauritius (Compoundable Offences) Regulations 2008.
  2. In these regulations – “Act” means the Bank of Mauritius Act 2004.
  3. For the purposes of section 69 of the Act, the offences listed in the Schedule to these regulations shall be compoundable offences.
  4. These regulations shall be deemed to have come into operation on 10 November 2004. Made by the Minister on 7 October 2008.

SCHEDULE (regulation 3) Compoundable Offences Offences under sections 50(5), 53 and 68(1) of the Bank of Mauritius Act.

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