RegAlert

Rule · FSC · 30 Nov 2016

Financial Services (Consolidated Licensing and Fees) (Amendment No. 4) Rules 2016

licensing

The Financial Services Commission amended the First Schedule of its 2008 Consolidated Licensing and Fees Regulations to introduce two new fee categories for overseas family offices. The amendment distinguishes between single and multiple family structures, establishing specific licensing fees in both Mauritian Rupees and US Dollars. Tiered pricing applies to multiple family offices, charging a base rate for the first family and reduced fees for each additional family.

MauritiusFinancial Services Commission Mauritius

1870 Government Notices 2016

Government Notice No. 254 of 2016

FINANCIAL SERVICES ACT

FSC Rules made by the Financial Services Commission under section 93 of the Financial Services Act

1. Citation
These rules may be cited as the Financial Services (Consolidated Licensing and Fees) (Amendment No. 4) Rules 2016.

2. Interpretation
In these rules –
“principal rules” means the Financial Services (Consolidated Licensing and Fees) Rules 2008.

3. The principal rules amended
The First Schedule to the principal rules is amended, in PART I, under the heading ‘FINANCIAL SERVICE PROVIDERS/ ACTIVITIES’, by inserting immediately after item FS-1.11, the following two new items –

FS-1.12Overseas family office (single)14Rs 30,000 USD 1,000Rs 75,000 USD 2,500-
FS-1.13Overseas family office (multiple)14Rs 30,000 (USD 1,000) which includes the first family and Rs 15,000 (USD 500) for each additional familyRs 75,000 (USD 2,500) which includes the first family and Rs 15,000 (USD 500) for each additional family-

Made by the Financial Services Commission on 30 November 2016.

BY AUTHORITY: GOVERNMENT PRINTING DEPARTMENT, LA TOUR KOENIG 105/12/16 – 1224

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Regulation of 2008Not in RegAlertRegulation of 2008 — Not in RegAlertFinancial Services(Consolidated Licensing and F…2016-11-30 · this documentFinancial Services (Consolidated Licensing and Fees) (Amendment No. 4) Rules 2016 (2016-11-30)
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Amends
  • Regulation of 2008Not in RegAlert

    “The First Schedule to the principal rules is amended, in PART I, under the heading ‘FINANCIAL SERVICE PROVIDERS/ ACTIVITIES’, by inserting immediately after item FS-1.11, the following two new items”

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Source: Financial Services Commission Mauritius — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works

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