Regulatory Alerts2010-01-19
Banking (Processing and Licence Fees) (Amendment) Regulations 2009
The Bank of Mauritius has amended the Banking (Processing and Licence Fees) Regulations 2007 to update fee structures for banks, foreign exchange dealers, and money changers. The amendments introduce pro-rated fixed fees for newly approved additional places of business, capping these charges at Rs 1 million for banks and Rs 500,000 for foreign exchange dealers and money changers. A revised Schedule replaces the previous schedule to specify exact processing and fixed fees across all licence categories alongside a new formula for non-bank deposit-taking institutions, with the regulations taking effect on 1 July 2009.
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