Regulatory Alerts2011-01-01
Financial Services (Consolidated Licensing and Fees) (Amendment) Rules 2011
The Financial Services Commission of Mauritius issued these 2011 Rules to amend the Consolidated Licensing and Fees Regulations by updating specific annual licence fees in the First Schedule, raising Corporate and Trust Service Provider fees to 5,000 US dollars and Global Business Licence fees to 1,750 US dollars. The amendment replaces the "First Annual Licence Fee" and "Charges" tables with revised schedules that adjust fees based on application months and payment timing. Coming into force on 1 January 2012, the rules include a transitional provision ensuring licensees who prepaid their annual fees for the financial year ending June 2012 are exempt from additional payments.
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