Regulatory Alerts2024-01-01
Financial Services (Consolidated Licensing and Fees) (Amendment No. 2) Rules 2024
The Financial Services Commission issued these rules to amend the licensing and fee schedule for spot commodity-related financial service providers. The amendment adds six new licence categories, including spot commodity brokers, clearing houses, and trading advisers, to the First Schedule of the 2008 principal rules with fixed annual fees ranging from USD 500 to USD 11,000. Fees for entities without a Global Business Licence may be converted to Rupees using the Bank of Mauritius indicative exchange rate, and the regulations commenced operation on 9 February 2024.
Share