Financial Services (Consolidated Licensing and Fees) (Amendment No. 4) Rules 2013

The text below is an internet version of the 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 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. 294 of 2013) FINANCIAL SERVICES (CONSOLIDATED LICENSING AND FEES) (AMENDMENT NO. 4) RULES 2013 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.

1. Citation
   These Rules may be cited as the Financial Services (Consolidated Licensing and Fees) (Amendment No. 4) Rules 2013.
2. Interpretation
   “principal Rules” means the Financial Services (Consolidated Licensing and Fees) Rules 2008.
3. The principal Rules amended
   The principal Rules are amended in Part 1 of the First Schedule by inserting the following table immediately after the table “Foreign Investment Dealers trading on GBOT” –

Foreign Investment Dealers trading on SEM Code Authorisation Relevant
Section of
Securities Act
2005
Processing Fee
(US $)
Fixed
Annual Fee
(US $)
Other Fees
SEC-6.1 Foreign Investment
Dealer (Full Service
Dealer including underwriting)
S 29(3) ($ 3,000) ($ 7,500)
Brokerage
Fees payable under the
Stock
Exchange
(Brokerage)
Regulations
1989 or any other enactment, as may be applicable.
SEC-6.2 Foreign Investment
Dealer (Full Service
Dealer excluding underwriting)
S 29(3) ($ 750) ($ 2,000)
SEC-6.3 Foreign Investment
Dealer (Broker)
S 29(3) ($ 500) ($ 1,750)
SEC-6.4 Foreign Investment
Dealer (Discount
Broker)
S 29(3) ($ 250) ($ 1,250)
4. Commencement
These Rules shall come into operation on 12 December 2013.
Made by the Financial Services Commission on 5 December 2013.