Regulatory Alerts2013-01-01
Financial Services (Consolidated Licensing and Fees) (Amendment No. 2) Rules 2013
The Financial Services Commission of Mauritius issued these rules to amend licensing and fee structures for financial service providers. The amendments revise variable annual fee payment schedules, mandate quarterly payments for insurance businesses and advance payments for management licences, and cap aggregate annual fees for management licences at US$ 20,000. Updated tables in the First Schedule establish precise processing, fixed, and variable fees for Corporate and Trust Service Providers based on their administered entity counts and service types.
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