Regulatory Alerts2009-01-01
Securities (Licensing) (Amendment) Rules 2009
The Financial Services Commission of Mauritius issued the Securities (Licensing) (Amendment) Rules 2009 to introduce two new investment dealer licence categories for commodity and currency derivatives segments. These amendments modify Part III and the Fourth Schedule of the principal 2007 rules by granting targeted exemptions from existing licensing provisions and mandating a minimum stated unimpaired capital of MUR 1,000,000 for each new category. The updated licensing framework takes effect on 1 November 2009, thereby expanding the regulatory scope for derivatives market participants under the Financial Services Act 2007 and Securities Act 2005.
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