Regulatory Alerts2019-03-14
Banking (Processing and Licence Fees) (Amendment) Regulations 2019
The Bank of Mauritius, approved by the Minister, enacted the Banking (Processing and Licence Fees) (Amendment) Regulations 2019 to modernize licensing terminology for financial institutions. The amendment formally defines an "annual programme of issuance" and systematically replaces all instances of "commercial paper" with "money market instrument" across the principal regulations and schedule. These revisions standardize licensing requirements for eligible institutions, ensuring accurate regulatory classification and consistent fee application for money market instruments.
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