Regulatory Alerts2013-01-01
Financial Services (Consolidated Licensing and Fees) (Amendment No. 3) Rules 2013
The Financial Services Commission of Mauritius amended the fee schedules for Corporate and Trust Service Providers by updating specific numerical codes in the First Schedule of the 2008 principal Rules. This amendment replaces figures ten and eleven with fifty and fifty-one, while updating two hundred and two hundred one to two hundred fifty and two hundred fifty-one respectively. The revised licensing and fee framework officially commences on 1 July 2013 under Section 93 of the Financial Services Act 2007.
The text below is an internet version of the Rules made by the FSC under Section 93 of the Financial Services Act 2007 and is for information purposes only. Whilst reasonable care has been taken to ensure its accuracy, the authoritative version is the one published in the Government Gazette of Mauritius (GN No. 166 of 2013) FINANCIAL SERVICES (CONSOLIDATED LICENSING AND FEES) (AMENDMENT No. 3) RULES 2013 FSC Rules made by the Financial Services Commission under Section 93 of the Financial Services Act 2007
- Citation These Rules may be cited as the Financial Services (Consolidated Licensing and Fees) (Amendment No. 3) Rules 2013.
- Interpretation In these Rules – “principal Rules” means the Financial Services (Consolidated Licensing and Fees) Rules
- The principal Rules amended The First Schedule to the principal Rules is amended in the Table for “Corporate and Trust Service Provider” – (a) in item FS-3.1A, in the sixth column – (i) by deleting the figure “10” wherever it appears and replacing it by the figure “50”; (ii) by deleting the figure “11” wherever it appears and replacing it by the figure “51”; and (iii) by deleting the figures “200” and “201” wherever they appear and replacing them by the figures “250” and “251” respectively.
- Commencement These Rules shall come into operation on 1 July 2013. Made by the Financial Services Commission on 19 June 2013.