Regulatory Alerts2010-01-01
Financial Services (Consolidated Licensing and Fees) (Amendment) Rules 2010
The Financial Services Commission of Mauritius issued the 2010 Amendment Rules to update licensing requirements under key financial legislation. These rules specifically amend Rule 12 of the principal 2008 regulations by mandating that applicants submit a comprehensive business outline detailing their proposed activities. Enacted pursuant to the Financial Services, Securities, and Insurance Acts of 2005 and 2007, the amendments took effect immediately upon publication in the Government Gazette.
The text below is an internet version of the Rules made by the FSC under section 93 of the Financial Services Act 2007, section 155 of the Securities Act 2005 and section 130 of the Insurance Act 2005 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. 61 of 2010) FINANCIAL SERVICES (CONSOLIDATED LICENSING AND FEES) (AMENDMENT) RULES 2010 FSC Rules made by the Financial Services Commission under section 93 of the Financial Services Act 2007 and section 155 of the Securities Act 2005 and section 130 of the Insurance Act 2005.
- Citation These Rules may be cited as the Financial Services (Consolidated Licensing and Fees) (Amendment) Rules 2010.
- Interpretation In these Rules - "principal Rules" means the Financial Services (Consolidated Licensing and Fees) Rules
- Rule 12 of the principal Rules amended Rule 12 of the principal Rules is amended in paragraph (2) by adding after subparagraph (c) the following new sub-paragraph, the full stop at the end of subparagraph (c) being deleted and replaced by a semicolon -
(d) a business outline of the proposed activities to be carried out by the applicant. 4. Commencement These Rules shall come into operation on the date of publication in the Government Gazette. Made by the Financial Services Commission on 23 February 2010.