Regulatory Alerts2018-06-19
Banking (Processing and Licence Fees) (Amendment) Regulations 2018
The Bank of Mauritius issued these regulations to amend the Banking (Processing and Licence Fees) Regulations 2015 by establishing specific fees for commercial paper issuers. The new provisions mandate a Rs 15,000 processing fee and a Rs 50,000 licence fee for issuers operating under an approved annual programme of issuance. Furthermore, the regulations stipulate that this licence fee must be paid at the time the central bank grants the commercial paper licence.
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