Regulatory Alerts2024-12-16
Banking (Processing and Licence Fees) Regulations 2015
The Bank of Mauritius, with the Minister's approval, establishes comprehensive processing and annual licence fees for various banking and financial institution licenses in Mauritius. The regulations specify tiered fee amounts based on total assets, branch locations, and business types, covering banks, agencies, foreign exchange dealers, money-changers, deposit-taking institutions, and money market instrument issuers. Fees are non-refundable, payable in local or convertible currency, and subject to pro-rated calculations or temporary waivers for exceptional events and reduced business activity.
Share