Financial Services (Consolidated Licensing and Fees) (Amendment) Rules 2014

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. 136 of 2014) FINANCIAL SERVICES (CONSOLIDATED LICENSING AND FEES) (AMENDMENT) RULES 2014 THE FINANCIAL SERVICES ACT 2007 FSC Rules made by the Financial Services Commission under Section 93 of the Financial Services Act 2007, Section 155 of the Securities Act 2005 and Section 130 of the Insurance Act 2005.

1. Citation
   These Rules may be cited as the Financial Services (Consolidated Licensing and Fees) (Amendment) Rules 2014.
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 – (a) in Table for “Financial Services Providers/Activities”, by deleting item FS 1.3 and replacing it by the following new item – Code Licence Relevant
   Section
   of Financial
   Services Act
   2007
   (FSA 2007)
   Processing
   Fee
   (Rupees/
   US$)
   Fixed
   Annual Fee
   (Rupees/
   US$)
   Variable Annual Fee
   (Rupees /US$*)
   FS-1.3 Pension
   Scheme
   Administrator
   S 14 Rs.30,000
   ($1,000)
   Rs.50,000
   ($1,700)
   10001-
   15000 beneficiaries:
   15001-20000 beneficiaries:

20000
beneficiaries:
Rs 10,000
($350)
Rs 15,000
($500)
Rs 20,000
($700)

(b) by deleting the table for “Authorisation to administer Private Pension Schemes” and replacing it by the following new table￾Authorisation to administer Private Pension Schemes Code Authorisation Relevant
Section
of Private
Pension
Schemes Act
2012
Processing
Fee
(Rupees/
US$)
Annual Fee
(Rupees/
US$)
Variable Annual Fee
(Rupees I US$)
PPS￾2.1
Governing body to administer
Private
Pension
Scheme
S 27 Rs 30,000
($ 1,000)

---

PPS￾2.2
Long-term insurer to administer Private Pension Scheme S 27 Rs.30,000 ($1,000) Rs.50,000 ($1,700) 10001- 15000 beneficiaries:
15001-20000 beneficiaries:

20000
beneficiaries:
Rs 10,000
($350)
Rs 15,000
($500)
Rs 20,000
($700)

4. Commencement
   These Rules shall be deemed to have come into operation on 1 st July 2014. Made by the Financial Services Commission on 1 st July 2014.