Regulatory Alerts2024-08-20
Banking (Processing and Licence Fees) (Amendment) Regulations 2024
The Bank of Mauritius, with ministerial approval, enacted the Banking (Processing and Licence Fees) (Amendment) Regulations 2024 to update statutory fee schedules. The amendment modifies Part X of the Schedule to the principal 2015 regulations by replacing the figure 250,000 with 500,000. This adjustment directly increases the applicable processing and licence fee thresholds for regulated banking entities effective 13 August 2024.
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