Regulatory Alerts2016-11-07
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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