Regulatory Alerts2018-01-01
Added · Updated
Financial Services (Administrative Penalties) (Amendment) Rules 2018
The Financial Services Commission of Mauritius issued these amendment rules to modify the administrative penalty framework for licensed entities. The regulations amend Rule 3 of the principal 2013 rules by adding a new paragraph that caps penalties for specified violations committed after 31 December 2017 at 150,000 rupees (USD 5,000). Deemed effective from 1 January 2018, the amendments establish a clear monetary ceiling for regulatory enforcement actions against licensees.
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