Financial Services (Consolidated Licensing and Fees) (Amendment No. 3) Rules 2024

166 Government Notices 2024
Government Notice No. 33 of 2024 THE FINANCIAL SERVICES ACT FSC Rules made by the Financial Services Commission under
Section 93 of the Financial Services Act

1. These rules may be cited as the Financial Services (Consolidated
   Licensing and Fees) (Amendment No. 3) Rules 2024.
2. In these rules –
   “principal rules” means the Financial Services (Consolidated Licensing and Fees) Rules 2008.
3. The First Schedule to the principal rules is amended, in PART I,
   by deleting the table for “Captive Insurance Business” and replacing it with the following new table – Captive Insurance Business Code Licence / Authorisation Relevant
   Section of
   Captive
   Insurance
   Act
   Processing
   Fee
   Fixed Annual
   Fee
   CI-1.1A Captive Insurance
   Business
   7 USD 1,000 USD 2,000
   CI-2.1 Captive Insurance
   Agent
   9 USD 1,000 USD 1,500
   For applicant not applying for a Global Business Licence or corporation not holding a Global Business Licence, the corresponding fee in Rupees (Rs.) shall be calculated based on the Indicative Exchange Rate as computed by the Bank of Mauritius as at date of payment. Imac1–irfaan/Govt Notices 2024/the Financial Services (Consolidated Licensing and Fees) (Amendment No. 3) Rules 2024
   21.02.2024 - 1st Proof MIN

Government Notices 2024 167
Imac1–irfaan/Govt Notices 2024/the Financial Services (Consolidated Licensing and Fees) (Amendment No. 3) Rules 2024
21.02.2024 - 1st Proof MIN
4. Commencement
These rules shall come into operation on 26 February 2024. Made by the Financial Services Commission on 20 February 2024. Imac1–irfaan/Govt Notices 2024/the Financial Services (Consolidated Licensing and Fees) (Amendment No. 3) Rules 2024
21.02.2024 - 1st Proof MIN