Regulatory Alerts2012-01-01
Securities (Licensing) (Amendment) Rules 2012
The Financial Services Commission of Mauritius issued the Securities (Licensing) (Amendment) Rules 2012 to introduce a new Investment Dealer (Equity Segment) licence category and formally define the Global Board of Trade. These amendments restrict designated investment dealer licences to trading exclusively on the GBOT and establish a 1,000,000 minimum stated unimpaired capital requirement for equity segment dealers. The rules were executed on 27 September 2012 and commenced operation on 1 October 2012, thereby updating the principal licensing framework.
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