Regulatory Alerts2024-01-01
Financial Services (Consolidated Licensing and Fees) (Amendment No. 3) Rules 2024
The Financial Services Commission issued Amendment No. 3 to the Consolidated Licensing and Fees Rules 2024, updating the fee schedule for Captive Insurance Business licences. The revised First Schedule replaces the existing table with standardized processing and fixed annual fees ranging from USD 1,000 to USD 2,000 for business and agent categories, with non-Global Business Licence holders required to pay equivalent amounts in Rupees based on the Bank of Mauritius indicative exchange rate. These updated licensing requirements commence operation on 26 February 2024.
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