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2024-08-20

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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Government Notice No. 131 of 2024 THE BANKING ACT Regulations made by the Bank of Mauritius, with the approval of the Minister, under section 32A(1) of the Banking Act

  1. These regulations may be cited as the Banking (Processing and Licence Fees) (Amendment) Regulations 2024.
  2. In these regulations – “principal regulations” means the Banking (Processing and Licence Fees) Regulations 2015.
  3. The Schedule to the principal regulations is amended, in Part X, by deleting the figure “250,000” and replacing it by the figure “500,000”. Made by the Bank of Mauritius, with the approval of the Minister, on 13 August 2024. Government Notices 2024 983
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