RegAlert
2016-11-07

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Banking (Processing and License Fees) (Amendment) Regulations 2016

The Bank of Mauritius, with ministerial approval, promulgated the Banking (Processing and License Fees) (Amendment) Regulations 2016 to revise fee structures under the Banking Act. The instrument revokes Regulation 10 of the principal 2015 regulations and amends the Schedule by substituting item 2(a) with a fixed 500,000 charge for the principal place of business and entirely revoking Part IX. These amendments are deemed effective as of 1 July 2016, thereby updating the licensing and processing fee framework for regulated entities.

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Government Notice No. 214 of 2016
THE BANKING ACT
Regulations made by the Bank of Mauritius, with the approval of the Minister, under sections 8 and 14(5) of the Banking Act

  1. These regulations may be cited as the Banking (Processing and License Fees)
    (Amendment) Regulations 2016.
  2. In these regulations –
    "principal regulations" means the Banking (Processing and Licence Fees) Regulations 2015.
  3. Regulation 10 of the principal regulations is revoked.
  4. The Schedule to the principal regulations is amended –
    (a) in Part VII, by deleting item 2(a) and its corresponding entry and replacing it by the following item and its corresponding entry – (a) the principal place of business 500,000 (b) by revoking Part IX.
  5. These regulations shall be deemed to have come into operation on 1 July 2016.
    Made by the Bank of Mauritius, with the approval of the Minister, on 23 September 2016. _______________

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Banking (Processing and Licence…Banking (Processing and Licence Fees) Regulations 2015Banking (Processing andLicense Fees) (Amendment) Reg…2016-11-07 · this documentBanking (Processing and License Fees) (Amendment) Regulations 2016 (2016-11-07)
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Source: Bank of Mauritius — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works

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