2018-10-05

Banking (Compoundable Offences) (Amendment) Regulations 2018

The Minister, acting under sections 99 and 101 of the Banking Act, issued these regulations to amend the schedule of the principal 2008 framework. The amendment explicitly inserts references to sections 64B(2) and 96C(5) into the schedule, thereby expanding the list of offences eligible for administrative compounding. Effective from 17 September 2018, the updated schedule enables regulators to resolve specified banking breaches through fixed penalties rather than initiating full court proceedings.

Mauritius

Bank of Mauritius

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Government Notice No. 106 of 2018 THE BANKING ACT Regulations made by the Minister under sections 99 and 101(1)(b) of the Banking Act

1. These regulations may be cited as the Banking (Compoundable Offences) (Amendment) Regulations 2018.
2. In these regulations – “principal regulations” means the Banking (Compoundable Offences) Regulations 2008.
3. The Schedule to the principal regulations is amended by inserting, after the word “sections”, the words “64B(2), 96C(5),”. Made by the Minister on 17 September 2018.