Financial Services (Consolidated Licensing and Fees) (Amendment) Rules 2015

The Financial Services Commission of Mauritius issued these rules to amend licensing and fee provisions under the Financial Services Act 2007, Securities Act 2005, and Insurance Act 2005. The amendments specifically modify Rule 8(4) of the principal 2008 regulations by replacing a fifteen percent requirement with one percent. These rules are deemed to have commenced operation on 2 July 2015 and were formally enacted by the Commission on 15 July 2015.

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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. 146 of 2015) FINANCIAL SERVICES (CONSOLIDATED LICENSING AND FEES) (AMENDMENT) RULES 2015 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.

Citation
These Rules may be cited as the Financial Services (Consolidated Licensing and Fees) (Amendment) Rules 2015.
Interpretation
In these Rules –
“principal Rules” means the Financial Services (Consolidated Licensing and Fees) Rules 2008.
The principal Rules amended
Rule 8(4) of the principal Rules is amended in subparagraph (b), by deleting the words “15%” and replacing them by the words “1%”.
Commencement
These Rules shall be deemed to have come into operation on 2 July 2015. Made by the Financial Services Commission on 15 July 2015.

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Lineage: In force

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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