Financial Services (Consolidated Licensing and Fees) Rules 2008

1
The text below is an internet version of the Rules made by the FSC under section 93 of the Financial Services Act, section 155 of the Securities Act and section 130 of the Insurance Act 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. 47 of 2008) read together with subsequent amendments in the Government Gazette of Mauritius. FINANCIAL SERVICES (CONSOLIDATED LICENSING AND FEES) RULES 2008 (Consolidated version with amendments as at 01 July 2026) FSC Rules made by the Financial Services Commission under section 93 of the Financial Services Act, section 155 of the Securities Act and section 130 of the Insurance Act

1. Citation
   These Rules may be cited as the Financial Services (Consolidated Licensing and Fees) Rules 2008.
2. Interpretation
   (1) In these Rules -
   "Act" means the Financial Services Act 2007; "due date" for the purposes of these rules means, 1 July for every subsequent year after the licence has been issued or the end date of such period as may otherwise be specified; Amended by FSC Rules [GN No. 201 of 2008] "annual fee" means the fee payable to the Commission pursuant to rules 8 and 13; “Category 1 Global Business Licence” means a Category 1 Global Business Licence issued by the Commission on or before 16 October 2017;

2
Category 2 Global Business Licence” means a Category 2 Global Business Licence issued by the Commission on or before 16 October 2017; "Commission" means the Financial Services Commission established under section 3 of the Financial services Act 2007; "financial services" has the same meaning as in the Act; "financial year" for the purposes of these rules means the period starting from 1 July to 30 June in the following year; "Form" means an application form required to be submitted to the Commission pursuant to rules 4 and 10; "licence" includes an approval, authorisation, a recognition or registration for the conduct of a financial services activity under the relevant Acts; "licensee" has the same meaning as in the Act; "Personal Questionnaire" means the Personal Questionnaire set out in the Third Schedule; "relevant Acts" has the same meaning as in the Act; "reporting issuer" has the same meaning as in section 86(1) of the Securities Act 2005; “withdrawn” includes circumstances where an application – (a) has been withdrawn by the applicant; or (b) is deemed to be withdrawn pursuant to Section 17A of the Act. Amended by FSC Rules [GN No. 220 of 2024]

3
(2) Words and expressions used and not defined in these rules shall have the same meaning as defined under the relevant Acts or Regulations and Rules made thereunder, as the case may be.
3. Application of these Rules
(1) These Rules shall apply to an application for a licence under the relevant Acts. (2) All fees and charges specified under these Rules shall be payable to the Commission in such form and manner as it may approve. (3) These Rules are not exhaustive and should be read in conjunction with the provisions of the relevant Acts and Regulations made under those Acts or FSC Rules or Guidelines that the Commission may issue from time to time.
PART I - FINANCIAL SERVICES
4. Application Form
An application for a licence to carry out financial services or financial business activities under the relevant Acts shall be made on the Form bearing the corresponding code as listed in the first column of Part 1 of the First Schedule.
5. Processing Fee
(1) An application for a licence to carry out a financial service or financial business activity specified in Part 1 of the First Schedule shall be accompanied by the processing fee corresponding to such licence as set out in the fourth column of Part 1 of the First Schedule. (2) Where an application for a licence is withdrawn before it is determined by the Commission, any processing fee which may be applicable shall not be refundable.

4
6. Processing of Application
An application for a licence, submitted pursuant to rule 4 shall be accompanied by - (a) a business plan of the proposed activities to be carried out under the licence; (b) the applicable processing fee as specified in these Rules; (c) the particulars of promoters, beneficial owners, controllers and proposed directors; (d) an authority from the applicant and where the applicant is not an individual, such authority shall be given by each of the directors of the applicant or by 2 directors duly authorised by a resolution of the board of directors, for the release to the Commission of any information pertaining to the applicant and any of its promoters, officers or controllers, as may be applicable, held by any financial institution, regulatory body or law enforcement agency as required in relation to assessing the application and the enforcement of the relevant Acts; (e) subject to paragraph (2) and rule 7, Personal Questionnaires as required by the Commission; (f) such other matters as are required under the applicable relevant Act or as may be required by the Commission. (1A) Notwithstanding paragraph (1)(d), the authority referred to in that paragraph may be given by 2 officers duly authorised by a resolution of the board of directors, where the application is for a licence under the Insurance Act, the Private Pension Schemes Act or the Captive Insurance Act. (2) Where a Personal Questionnaire has already been filed, the applicant shall indicate in his application that the questionnaire has been filed and inform the Commission of any material change in the information.

5
(3) Except where otherwise required by the Commission, a reporting issuer shall not be subject to the requirements under paragraph (1) and shall submit an application for registration accompanied by:
(a) certified true copy of its certificate of incorporation; (b) copies certified by a director of the reporting issuer to be true copies of its last financial statements; (c) a copy of the Auditor's report on the financial statements referred to in paragraph (b) above; (d) the applicable fee as specified in these Rules. Amended by FSC Rules [GN 135 of 2023]
7. Fitness and Propriety
(1) In determining whether a person is fit and proper for the purposes of a requirement under a relevant Act, the Commission may require such person to complete the Personal Questionnaire. (2) An application for a licence shall be accompanied by the Personal Questionnaires completed by the beneficial owners (if different from the shareholders), controllers, shareholders and every officer or proposed officer of the applicant. (3) The Commission may require such other beneficial owner, controller, officer or shareholder of an applicant or licensee to fill in the Personal Questionnaire where it is deemed necessary. (4) A Personal Questionnaire shall not be considered to be valid unless signed and dated by the person who is required to complete it.

6
(4A) Notwithstanding paragraphs (2), (3) and (4), the Commission may, in such circumstances which it considers appropriate, deem a Personal Questionnaire to be valid where the latter has been submitted within a period of two years from the date of its initial submission, provided that there has been no material change in the information provided in the initial Personal Questionnaire. Amended by FSC Rules [GN No. 132 of 2025] (4B) For the avoidance of doubt – (a) in case of a material change in the initial Personal Questionnaire, a fresh Personal Questionnaire shall be submitted to the Commission; and (b) nothing in paragraph (4A) shall prevent the Commission from requiring any beneficial owner, controller, officer or shareholder of an applicant or licensee to fill in a fresh Personal Questionnaire where it is deemed necessary. Amended by FSC Rules [GN No. 132 of 2025] (5) Where pursuant to a requirement under a relevant Act, a licensee seeks the approval of the Commission - (a) for the appointment of an officer; (b) for a person becoming a beneficial owner, controller or shareholder of the licensee, such application for approval shall be accompanied by a completed Personal Questionnaire in relation to the beneficial owner, controller, shareholder or officer as may be applicable.
8. Annual Fee
(1) Subject to paragraph 3(A), there shall be paid to the Commission, in respect of every financial year, the annual fee, corresponding to the licence, as specified in the fifth and sixth columns of Part 1 of the First Schedule, as may be applicable.

7
(2) (a) The first fixed annual fee, corresponding to the licence, as specified in the fifth column of Part I of the First Schedule shall be due at the time the licence is issued, and shall be prorated in line with the quarter in which the licence is granted. (b) Notwithstanding sub-paragraph (a), the first fixed annual fee shall be submitted at the time of the application for the licence. (c) Any fixed annual fee submitted pursuant to sub-paragraph (b) shall be fully or partly refunded without interest by the Commission in case the licence is not granted, the application is deemed withdrawn or the licence is granted in a subsequent quarter, as may be applicable. (3) The variable annual fee, where applicable, corresponding to the licence, as specified in the sixth column of Part 1 of the First Schedule, shall be payable at the end of each financial year, except for – (i) long-term insurance business and general insurance business, in which case variable annual fees shall be payable to the Commission on a quarterly basis and within 20 days after the end of every quarter in September, December, March and June; and (ii) a management licence, in which case the variable annual fees shall be payable to the Commission in advance on the due date. (3A) Notwithstanding any other provision of this Rule, the aggregate annual fees applicable to a management licence for any particular financial year shall not exceed USD 26,800. Amended by FSC Rules [GN No. 113 of 2019], [GN No. 154 of 2022], [GN No. 119 of 2026] (4) Any annual fee paid within - (a) one month after the due date, shall be subject to an additional charge of 25% of the corresponding annual fee;

8
(b) two months or more after the due date, shall be, in addition to the charge specified in paragraph (a), subject to an additional charge of 1% of the corresponding annual fee for each additional month. (5) The Commission shall not be bound to accept late payment of annual fees where such payment is effected after the time specified in paragraph (4)(a) above. Amended by FSC Rules [GN No. 86 of 2013], [GN No. 146 of 2015], [GN No. 220 of 2024]
9. Termination of licence
(1) Where in any year the annual fee and any charges that accrue under rule 8 are not settled within one month after the due date, the Chief Executive may in accordance with section 22(4) of the Act terminate the licence. (2) No fresh application for a licence shall be considered by the Commission in respect of a person whose licence has been terminated unless all annual fees due and any charges accrued are settled.
PART II - GLOBAL BUSINESS
10. Application Form
An application for a Global Business Licence shall be made on the Form bearing the corresponding code as listed in the first column of Part 2 of the First Schedule. Amended by FSC Rules [GN No. 154 of 2022]
11. Processing Fee
(1) An application for a Global Business Licence shall be accompanied by the processing fee corresponding to such licence as set out in the fourth column of Part 2 of the First Schedule.

9
(2) Where an application for a licence is withdrawn before it is determined by the Commission, any processing fee which may be applicable shall not be refundable.
12. Processing of Application
(1) An application for a Global Business Licence submitted pursuant to rule 10 shall be accompanied by - (a) a business plan of the proposed activities to be carried out by the applicant; (b) the applicable processing fee as set out in Part 2 of the First
Schedule;
(c) the legal certificate as required under section 72(1)(b) of the Act; (d) supporting certified copies of Customer Due Diligence documentation; (e) incorporation documents including - (i) copy of constitution (where adopted) and of the legal certificate required under the Companies Act 2001; and (ii) certified copies of relevant statutory forms required under the Companies Act 2001 for the incorporation of a company.

10
(2) –
Amended by FSC Rules [GN No. 61 of 2010], [GN No. 154 of 2022]
13. Annual Fee
(1) There shall be paid to the Commission, in advance, in respect of every financial year, an annual fee corresponding to the licence as specified in the fifth column of Part 2 of the First Schedule. (2) (a) The first annual fee for a Global Business Licence shall be due and payable, as specified in Part III of the First Schedule, at the time the licence is issued. (b) Notwithstanding sub-paragraph (a), the first annual fee shall be submitted at the time of the application for the licence. (c) Any annual fee submitted pursuant to sub-paragraph(b)shall be fully or partly refunded without interest by the Commission in case the licence is not granted, the application is deemed withdrawn or the licence is granted in a subsequent quarter, as may be applicable. (3) The annual fee for a Global Business Corporation shall be due and payable on 1 July of every subsequent year after the licence is first issued. (4) Any payment of the annual fee made after the due date shall be subject to charges as set out in Part 1 of the Second Schedule. (5) The Commission shall not be bound to accept late payment of annual fees where such payment is effected after the time specified in paragraph (3) above. Amended by FSC Rules [GN No. 154 of 2022], [GN No. 220 of 2024]

11
14. Lapse of a Global Business Licence
(1) Where in any year following the issue of the Global Business Licence, the annual fee and the charges that accrue under rule 13 are not settled within the period specified in Part 1 of the Second Schedule and remain unpaid for 6 months as from the date it is due and payable, the licence shall lapse in accordance with section 74(2) of the Act. (2) Subject to paragraph (4), the Commission may consider an application for reinstatement of a Global Business Licence which has lapsed in accordance with paragraph (1), on such terms and conditions as the Commission may determine. (3) No application for reinstatement shall be considered by the Commission later than 6 months from the date on which the Global Business Licence lapsed. (3A) Notwithstanding paragraph (3), the Commission may on just or reasonable cause, reinstate a Global Business Licence when an application is made after 6 months from the date which the Global Business Licence has lapsed. (4) An application for the reinstatement of a Global Business Licence shall, in addition to the fees and charges payable in accordance with Part 1 of the Second Schedule and the annual fee, be accompanied by the corresponding reinstatement fee and charges which have accrued as at the date of the application for reinstatement, as specified in Part 2 of the Second Schedule. Amended by FSC Rules [GN No. 51 of 2025] 15.-16.-

12
PART III – AUTHORISED COMPANIES
17. Application form
An application for an authorisation as an Authorised Company shall be made in the form bearing the corresponding code as listed in the first column of Part II of the First Schedule.
18. Processing fee
An application for an authorisation shall be accompanied by the non-refundable processing fee corresponding to such licence as set out in the fourth column of
Part II of the First Schedule.
19. Processing of application
(1) An application for an authorisation submitted pursuant to rule 17 shall be accompanied by – (a) the applicable processing fee; (b) the legal certificate from a law practitioner, legal consultant or law firm that the application for authorisation complies with the laws of Mauritius; (c) the incorporation documents, including – (i) copy of the constitution, where adopted, and legal certificate required under the Companies Act; and (ii) certified copies of relevant statutory forms specified in the Companies Act for the incorporation of a company; and (d) a detailed business plan of the proposed activities to be carried out by the applicant. (2) On receipt of an application under paragraph (1), the Chief Executive may within 7 days of the application – (a) require the applicant to give such further information as may be necessary to determine the application; (b) seek the opinion of any public sector agency that is likely to be concerned with the application;

13
(c) approve the application on such terms and conditions as he thinks fit where he is satisfied that the application meets all the requirements set out under the Act or in FSC Rules or any guidelines; (d) refer the application to the Board with recommendations, observations, or comments. (3) Where the Chief Executive refers an application to the Board, the Board may – (a) reject the application without giving any reasons; (b) refer the application back to the Chief Executive for further enquiry; (c) approve the application on such terms and conditions as it thinks fit where it is satisfied that the application meets all the requirements set out under the Act or in FSC Rules or any guidelines. (4) The Chief Executive or the Board shall not approve an application where the Chief Executive or the Board, as the case may be, is of the opinion that the proposed activity of the applicant – (a) is unlawful or contrary to public interest; or (b) may cause prejudice to the good repute of Mauritius as a centre for financial services. (5) The Chief Executive shall provide a monthly report to the Board on all applications approved under paragraph (2).
20. Annual fee
(1) There shall be paid to the Commission, in advance, in respect of every financial year, an annual fee corresponding to the authorisation as specified in the fifth column of Part II of the First Schedule.

14
(2) (a) The first annual fee for an Authorised Company shall be due and payable as specified in Part III of the First Schedule in advance at the time the authorisation is granted. (b) Notwithstanding sub-paragraph (a), the first annual fee shall be submitted at the time of the application for authorisation. (c) Any annual fee submitted pursuant to sub-paragraph (b) shall be fully or partly refunded without interest by the Commission in case the authorisation is not granted, the application is deemed withdrawn or the authorisation is granted in a subsequent quarter, as may be applicable. (3) The annual fee for an Authorised Company shall be due and payable as specified in Part II of the First Schedule on 1 July of every subsequent year after the authorisation is first issued. (4) Any payment of the annual fee made after the due date shall be subject to charges as set out in Part I of the Second Schedule. (5) The Commission shall not be bound to accept late payment of the annual fee where such payment is effected after the time specified in paragraph (3) above. Amended by FSC Rules [GN No. 154 of 2022], [GN No. 220 of 2024]
21. Lapse of an authorisation
(1) Where, in any year following the issue of the authorisation, the annual fee and the charges that accrue under rule 20 are not settled within the period specified in Part I of the Second Schedule, and remain unpaid for 6 months as from the date it is due, the authorisation shall lapse. (2) Subject to paragraph (4), the Commission may consider an application for reinstatement of an authorisation which has lapsed under paragraph (1), on such terms and conditions as the Commission may determine. (3) No application for reinstatement shall be considered by the Commission later than 6 months from the date on which the authorisation lapsed. (3A) Notwithstanding paragraph (3), the Commission may on just or reasonable cause, reinstate an authorisation under section 71A of the Act when an application is made after 6 months from the date which the authorisation has lapsed.

15
(4) An application for the reinstatement of an authorisation shall, in addition to the fees and charges as specified in Part III of the Second Schedule and the annual fee, be accompanied by the corresponding reinstatement fee and charges which have accrued as at the date of the application for reinstatement, as specified in Part IV of the Second Schedule. (5) The Chief Executive may direct a company whose authorisation has lapsed to orderly dissolute its affairs. Amended by FSC Rules [GN No. 51 of 2025]

16
First Schedule
(Rules 4, 8 and 10)
PART I
Financial Service Providers / Activities Code Licence Relevant
Section of
the Act
Processing
Fee*
Fixed
Annual
Fee*
Variable Annual Fee*
FS￾1.1
Assets
Management 14
Rs 22,500
USD
1,000
Rs 52,000
USD
1,900

FS￾1.2
Distribution of
Financial
Products
14 Rs 13,500
USD 700
Rs
49,000
USD
1,600

FS￾1.3
Pension
Scheme
Administrator
14 Rs 30,000
USD 900
Rs
60,000
USD
1,800
10001-
15000 beneficiaries:
Rs
14,000
USD
450
15001-20000 beneficiaries:
Rs
18,000
USD
600

20000
beneficiaries:
Rs
21,000
USD
700
FS￾1.5
Registrar and
Transfer Agent 14 Rs 10,000
USD 400
Rs
36,000
USD
1,000

FS￾1.6
Treasury
Management 14
Rs 25,000
USD
1,000
Rs
57,000
USD
1,900
51-250
Companies
Rs
18,000
USD
600
251-500
Companies:
Rs
27,000
USD
900

500
Companies:
Rs
36,000
USD
1,200
FS￾1.7
Custodian
Services (non￾CIS)
14 Rs 31,000
USD 900
Rs
71,000
USD
1,700

17
Financial Service Providers / Activities Code Licence Relevant
Section of
the Act
Processing
Fee*
Fixed
Annual
Fee*
Variable Annual Fee*
FS￾1.8
Global
Headquarters
Administration
77C
Rs 30,000
USD
1,000
Rs
75,000
USD
2,500

FS￾1.9
Global
Treasury
Activities
77C
Rs 30,000
USD
1,000
Rs
75,000
USD
2,500

FS￾1.10
Global Legal
Advisory
Services
77A
Rs 30,000
USD
1,000
Rs
75,000
USD
2,500

FS
1.11
Funeral
Scheme
Management
14 Rs 25,000 Rs
50,000 -
FS
1.15
Single Family
Office 14
Rs
100,500
USD
2,500
Rs
161,000
USD
4,000

FS
1.16
Multiple
Family
Office
14
Rs
201,000
USD
5,000
Rs
402,000
USD
10,000

FS
1.17
Peer to Peer
Lending 14 Rs 30,000
USD 900
Rs
60,000
USD
1,800
0.35% of gross fees from
Peer to Peer lending activities
FS
1.18
Robotic and
Artificial
Intelligence
Enabled
Advisory
Services
14 Rs 20,000
USD 400
Rs
76,000
USD
1,700

FS￾1.19 Crowdfunding 14 Rs 36,000
USD 900
Rs
72,000
USD
1,800
0.35% of gross fees from
Crowdfunding activities
FS￾1.20 Moneylending 14A Rs 38,500
USD 900
Rs
74,000
USD
1,700

FS￾1.21
Spot commodity broker 14 USD
900
USD
1,800 -
FS￾1.22
Spot commodity broker’s representative 14 USD 400 USD 900 -

18
Financial Service Providers / Activities Code Licence Relevant
Section of
the Act
Processing
Fee*
Fixed
Annual
Fee*
Variable Annual Fee*
FS￾1.23
Spot commodity clearing house 14 USD 5,000 USD 10,000 - FS￾1.24 Spot commodity market 14 USD 5,000 USD 10,000 - FS￾1.25 Spot commodity trading adviser 14 USD 900 USD 1,800 - FS￾1.26 Spot commodity trading adviser’s representative 14 USD 400 USD 900 -

• The fees set out in USD shall be applicable only to an applicant for a Global Business
  Licence or a corporation holding a Global Business Licence. For an applicant not applying for a Global Business Licence or a 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. Specialised Financial Services/Institutions Code Licence Relevant
  Section of
  the Act
  Processing
  Fee*
  Fixed
  Annual
  Fee*
  Variable
  Annual Fee*
  F.S￾2.3 Credit Finance 14 Rs 34,000
  USD 1,000
  Rs 77,000
  USD 1,900 -
  F.S￾2.4 Factoring 14 Rs 25,000
  USD 1,000
  Rs 57,000
  USD 1,900 -
  F.S￾2.5 Leasing 14 Rs 25,000
  USD 1,000
  Rs 57,000
  USD 1,900 -
  F.S￾2.7 Actuarial Services 14 Rs 25,000 USD 1,000 Rs 57,000 USD 1,900 - F.S￾2.8 Credit Rating Agencies / Rating Agencies 14 Rs 50,000 USD 2,000 Rs 120,000 USD 3,800 - F.S￾2.9 Payment Intermediary Services 14 Rs 25,000 USD 1,400 Rs 57,000 USD 2,600 -

19
Specialised Financial Services/Institutions Code Licence Relevant
Section of
the Act
Processing
Fee*
Fixed
Annual
Fee*
Variable
Annual Fee*
F.S￾2.10
Representative
Office (for financial services provided by a person established in a foreign jurisdiction) 14 Rs 22,500 USD 1,000 Rs 52,000 USD 1,900 - F.S￾2.11 Other Financial Business Activity 14 Rs 22,500 USD 900 Rs 52,000 USD 1,700 -

• The fees set out in USD shall be applicable only to an applicant for a Global Business
  Licence or a corporation holding a Global Business Licence. Corporate and Trust Service Provider Code Licence/ Approval Relevant
  Section
  of the
  Act
  Processing
  Fee (USD)
  Fixed
  Annual
  Fee
  (USD)
  Variable Annual Fee +
  (USD)
  FS￾3.1A
  Management
  Licence 77 700 6,800

1. Administrative
   Services to corporations holding a Global Business Licence Amount of Variable annual fee (USD) Where a licensee administers:
   (i) 1 to 50* entity/ies holding a Global Business Licence; - (ii) 51 to 250* entities holding a Global Business Licence; 6,000 (iii) 251 to 500* entities holding a Global Business Licence; Or 8,000 (iv) more than 500* entities holding a Global Business Licence. 10,000

20
Corporate and Trust Service Provider Code Licence/ Approval Relevant
Section
of the
Act
Processing
Fee (USD)
Fixed
Annual
Fee
(USD)
Variable Annual Fee +
(USD)
2. Corporate
Trusteeship services
Amount of
Variable annual fee
(USD)
Where a licensee provides corporate trusteeship services* 5,000
3. Authorised
Company
Amount of
Variable annual fee
(USD)
Where a licensee acts as registered agent for – (i) one to 50 authorised companies; - (ii) 51 to 250 authorised companies; 4,000 (iii) 251 to 500 authorised companies 5,000 (iv) more than 500 authorised companies 6,000 FS￾3.1B Management Licence (Qualified Corporate Trustee only) 77 700 6,800 - FS￾3.2 Nominee Company (Approval) 78 300 500 -

• Where a licensee provides more than one service mentioned in the sixth column, the
  annual variable fee provided for each type of services shall be applicable.

• The number of entities holding a Global Business Licence under the administration of
  the holder of the licensee, on 31st December of the year preceding the financial year for which fees are being paid.

21

• In case the licensee provided Corporate Trusteeship Services on 31st December of the
  year preceding the financial year for which fees are being paid. The number of Authorised Companies for which the licensee acted as registered agent, on 31st December of the year preceding the financial year for which fees are being paid. Self-Regulatory Organisations (SROs) Code Declaration/Recognition Relevant
  Section of the
  Act
  Processing
  Fee
  Fixed
  Annual
  Fee
  Variable
  Annual Fee
  FS￾5.1 SRO 33 To be determined by the Commission on each case Investment Banking Code Licence Relevant Section of the Act Processing Fee Fixed Annual Fee Variable Annual Fee FS￾6.1 Investment Banking Licence 79A Rs 100,000 Rs 500,000 - Global Activities Code Licence Relevant Section of the Act Processing Fee Fixed Annual Fee FS￾7.1 Global Shared Services 77C USD 1,000 USD 2,500 Providers of Market Infrastructure Code Licence Relevant Section of the Securities Act Processing Fee (Rs) Fixed Annual Fee (Rs) Variable Annual Fee SEC￾1.1 Securities Exchange 9 250,000 Minimum of 500,000 To be determined by the Commission SEC￾1.2 Clearing and Settlement Facility 10 250,000 Minimum of 500,000 To be determined by the Commission SEC￾1.3 Securities Trading Systems 11 250,000 Minimum of 500,000 To be determined by the Commission Reporting Issuer Code Registration Relevant Enactment Registration Fee (Rs) Fixed Annual Fee (Rs) Variable Annual Fee SEC￾4.4 Reporting Issuer
  Section 86 of the Securities
  Act and Rule 3 of Securities
  (Disclosure Obligations of
  Reporting Issuer) Rules
  2007
  13,500 - -

22
Securities or Capital Market Intermediaries Code Licence Relevant
Section of the
Securities Act
Processing
Fee*
Fixed
Annual
Fee*
Other Fee*
SEC￾2.1A
Investment Dealer
(Full Service
Dealer including
Underwriting)
29 and 53 Rs 100,000
USD 3,000
Rs
290,000
USD
9,500
As prescribed in the Stock
Exchange
(Brokerage)
Regulations
1989
SEC￾2.1B
Investment Dealer
(Full Service
Dealer excluding
Underwriting)
29 Rs 7,500
USD 1,000
Rs 75,000
USD
3,400
SEC￾2.1C
Investment Dealer
(Derivatives) 29 Rs 30,000
USD 1,000
Rs 90,000
USD
3,000
SEC￾2.2
Investment Dealer
(Broker) 29 Rs 4,500
USD 700
Rs 54,000
USD
2,700
SEC￾2.3
Investment Dealer
(Discount Broker) 29 Rs 2,500
USD 300
Rs 45,000
USD
2,000
SEC￾2.4
Investment
Adviser
(Unrestricted)
30 Rs 6,200
USD 600
Rs 71,000
USD
2,400

SEC￾2.5
Investment Adviser
(Restricted) 30 Rs 5,000
USD 600
Rs 36,000
USD
1,500

SEC￾2.5A
Investment Adviser
(Corporate
Finance Advisory)
30 Rs 9,500
USD 900
Rs 94,000
USD
3,100

SEC￾2.6A
Representative of
Investment Dealer
(Full Service
Dealer) Type 1
29 Rs 3,100
USD 200
Rs 34,000
USD 800 -
SEC￾2.6B
Representative of
Investment Dealer
(Full Service
Dealer) Type 2
29 Rs 2,500
USD 200
Rs 27,000
USD 800 -
SEC￾2.6C
Representative of
Investment Dealer
(Full Service
Dealer) Type 3
29 Rs 2,500
USD 200
Rs 27,000
USD 800 -
SEC￾2.6D
Representative of
Investment Dealer
(Broker) Type 1
29 Rs 2,500
USD 200
Rs 27,000
USD 800 -
SEC￾2.6E
Representative of
Investment Dealer
(Broker) Type 2
29 Rs 2,000
USD 200
Rs 24,000
USD 800 -
SEC￾2.6F
Representative of
Investment Dealer
(Discount Broker)
29 Rs 2,500
USD 200
Rs 27,000
USD 800 -

23
Securities or Capital Market Intermediaries Code Licence Relevant
Section of the
Securities Act
Processing
Fee*
Fixed
Annual
Fee*
Other Fee*
SEC￾2.7A
Representative of
Investment Adviser
(Unrestricted)
30 Rs 3,100
USD 250
Rs 34,000
USD 900 -
SEC￾2.7B
Representative of
Investment Adviser
(Restricted)
30 Rs 2,500
USD 250
Rs 27,000
USD 900 -
SEC￾2.7C
Representative of
Investment Adviser
(Corporate
Finance Advisory)
30 Rs 3,100
USD 200
Rs 34,000
USD 800 -
SEC￾2.6Cv
Representative of
Investment Dealer
(Derivatives)
29 Rs 27,000
USD 900
Rs 81,000
USD
2,700

• The fees set out in USD shall be applicable only to an applicant for a Global Business
  Licence or a corporation holding a Global Business Licence, and its representatives respectively. Investment Dealers - Government of Mauritius/Bank of Mauritius Securities Code Licence Relevant Section of the Securities Act Processing Fee Fixed Annual Fee Other Fee SEC￾3.0 Investment Dealer (Government of Mauritius Securities and Bank of Mauritius Securities Segment) 29 Rs 2,000 Rs 18,000 - Collective Investment Schemes and Closed-end funds Code Authorised/Recognised /Approved Relevant
  Section of
  the
  Securities
  Act
  Processing
  Fee*
  Fixed Annual
  Fee*
  Collective Investment Scheme (CIS)
  SEC￾3.1A CIS (Single fund) 97 Rs 32,000 USD 1,200 Rs 112,000 USD 3,700 An additional annual fee of Rs 200,000 (USD 6,300) for an authorization to operate as a Special Purpose Fund An additional

24
Collective Investment Schemes and Closed-end funds Code Authorised/Recognised /Approved Relevant
Section of
the
Securities
Act
Processing
Fee*
Fixed Annual
Fee* annual fee of
Rs 200,000 (USD
6,300) in case of an authorisation to operate as a REIT SEC – 3.1 Bv CIS (having more than 1 fund) 97 Rs 25,000 USD 1,400 which includes the first fund and Rs 5,000 (USD 300) for each additional fund Rs 90,000 USD 4,000 which includes the first fund and Rs 18,000 (USD
600) for each
additional fund
An additional annual fee of Rs
200,000 (USD
5,000) for an authorization to operate as a Special Purpose Fund An additional annual fee of Rs 200,000 (USD 5,000) in case of an authorisation to operate as a REIT SEC￾3.1Cv CIS (Protected Cell Company) 97 USD 1,400 which includes the first cell and USD 300 for each additional cell USD 4,000 which includes the first cell and USD 600 for each additional cell An additional annual fee of Rs 200,000 (USD 5,000) for an authorization to operate as a Special Purpose Fund An additional annual fee of Rs 200,000 (USD 5,000) in case of an authorisation to operate as a REIT

25
Collective Investment Schemes and Closed-end funds Code Authorised/Recognised /Approved Relevant
Section of
the
Securities
Act
Processing
Fee*
Fixed Annual
Fee*
SEC
3.1 Dv CIS (Multiclass) 97 USD 300 USD 600
Closed-end fund
SEC￾3.2A
Closed-end fund (Single
Fund) 97 Rs 25,000
USD 1,200
Rs 90,000
USD 3,700
An additional annual fee of
Rs 200,000 (USD
5,000) for an authorization to operate as a Special Purpose Fund An additional annual fee of Rs 200,000 (USD 5,000) in case of an authorisation to operate as a REIT SEC￾3.2Bv Closed-end fund (having more than 1 fund) 97 Rs 22,500 USD 1,400 which includes the first fund and Rs 4,500 (USD 300) for each additional fund Rs 81,000 USD 4,000 which includes the first fund and Rs 18,000 (USD 600) for each additional fund An additional annual fee of Rs 200,000 (USD 5,000) for an authorization to operate as a Special Purpose Fund An additional annual fee of Rs 200,000 (USD 5,000) in case of an authorisation to operate as a REIT SEC￾3.2Cv Closed-end fund (Protected Cell Company) 97 USD 1,400 which includes the first cell and USD USD 4,000 which includes the first cell and USD 600 for each

26
Collective Investment Schemes and Closed-end funds Code Authorised/Recognised /Approved Relevant
Section of
the
Securities
Act
Processing
Fee*
Fixed Annual
Fee*
300 for each additional cell additional cell An additional annual fee of Rs 200,000 (USD 5,000) for an authorization to operate as a Special Purpose Fund An additional annual fee of Rs 200,000 (USD 5,000) in case of an authorisation to operate as a REIT SEC
3.2 Dv Closed-end fund (Multiclass) 97 USD 300 USD 600
Foreign Scheme
SEC￾3.3A Single Fund 101 USD 900 -
SEC￾3.3B
Scheme with more than 1 sub-fund -
101
For the recognition of the
1 st to 25th sub-fund
USD 900 for each sub￾fund

For the recognition of the
26th to 50th sub-fund
USD 750 for each additional sub-fund - For the recognition of the 51st sub-fund and any additional sub fund USD 500 for each additional sub-fund -

• Except for the fees under the heading Foreign Scheme, the fees set out in USD shall be
  applicable only to an applicant for a Global Business Licence or a corporation holding a Global Business Licence. Applicable for VCC Fund operating as a multi-class structure only.

27
CIS Functionaries and Professionals
Code Licence/Approval
Relevant Section of the
Securities Act Processing
Fee*
Fixed
Annual
Fee*
SEC￾4.1 Custodian 100
Rs 32,000
USD 1,000
Rs 94,000
USD
2,500
SEC￾4.2 CIS Manager 98 Rs 25,000
USD 1,000
Rs 75,000
USD
2,500
SEC￾4.3
CIS Administrator
(Approval) 99
Rs 15,000
USD 500
Rs 36,000
USD
1,200

• The fees set out in USD shall be applicable only to an applicant for a Global Business
  Licence or a Corporation holding a Global Business Licence. Foreign Investment Dealers Code Authorisation Relevant
  Section of
  the
  Securities
  Act
  Processing
  Fee (USD)
  Fixed
  Annual
  Fee
  (USD)
  Other fees
  SEC￾6.1
  Foreign Investment Dealer
  (Full Service Dealer including underwriting) 29(3) USD 2,700 USD 8,000 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) 29(3) USD 700 USD 2,200 SEC￾6.3 Foreign Investment Dealer (Broker) 29(3) USD 400 USD 1,800 SEC￾6.4 Foreign Investment Dealer (Discount Broker) 29(3) USD 200 USD 1,300 SEC￾6.5 Foreign Investment Dealer (Derivatives) 29(3) USD 900 USD 2,700 -

28
Remote Custodians participating on a clearing and settlement facility licensed under the Securities Act Code Recognition Relevant Section of Securities Act Processing fee (USD) Fixed Annual Fee (USD) SEC￾7.1 Remote custodian 155(2)(xc) 900 1,700 Insurers / Reinsurers Code Licence Relevant
Section of
the
Insurance
Act
Processing
Fee*
Fixed
Annual
Fee*
Variable
Annual
Fee - payable on quarterly basis +
INS￾1.1
Long-Term
Insurance
Business
11 Rs 102,000 Rs 169,000
(0.35%* Gross
Premium from policies issued on or after 1 July 2008) For Structured Investment￾Linked Insurance Business:
(0.35%* Gross
Premium from policies issued to a maximum of USD 10,000) INS 1.1Av Long-Term Insurance Business (protected cell company) 11 USD 2,500 for the first cell, and USD 750 for every additional cell USD 3,800 for the first cell, and USD 750 for every additional cell (0.35%* Gross Premium from policies issued) For Structured Investment Linked Insurance Business:
(0.35%* Gross
Premium from policies issued to a maximum of USD 10,000) INS￾1.2 General Insurance Business 11 Rs 102,000 Rs 169,000 (0.35% * Gross Premium)

29
Insurers / Reinsurers
Code Licence
Relevant
Section of
the
Insurance
Act
Processing
Fee*
Fixed
Annual
Fee*
Variable
Annual
Fee - payable on quarterly basis +
INS
1.2Av
General
Insurance
Business
(protected cell company)
11
USD 2,200 for the first cell, and USD 700 for every additional cell USD 3,400 for the first cell, and USD 700 for every additional cell (0.35%* Gross Premium) INS￾1.3 External Insurance Business 11 USD 1,000 USD 1,900 - INS￾1.3Av External Insurance Business (protected cell company) 11 USD 1,000 for the first cell, and USD 300 for every additional cell USD 1,900 for the first cell, and USD 400 for every additional cell - INS￾1.4 Professional Reinsurer 11 Rs 22,500 USD 1,000 Rs 52,000 USD 1,900 - INS￾1.4Av Professional reinsurer (protected cell company) 11 USD 1,000 for the first cell, and USD 300 for every additional cell USD 1,900 for the first cell, and USD 400 for every additional cell -

• The fees set out in USD shall be applicable only to an applicant for a Global Business
  Licence or a corporation holding a Global Business Licence.

• The variable annual fees corresponding to the licence shall be payable within 20 days after
  the end of every quarter in September, December, March and June. Insurance Service Providers Code Licence Relevant Section of the Insurance Act Processing Fee* Fixed Annual Fee* INS￾2.1 Insurance Manager 70 USD 1,400 Additional fees for Lloyd’s Coverholder USD 700 USD 2,600 Additional fees for Lloyd’s Coverholder USD 1,600 INS￾2.2A Insurance Agent (Company) 70 Rs 6,200 USD 500 Rs 24,000 USD 1,200

30
Insurance Service Providers
Code Licence Relevant Section of the Insurance Act Processing Fee* Fixed Annual Fee* INS￾2.2B Insurance Agent (Individual) 70 Rs 3,100 Rs 9,300 INS￾2.3 Insurance Broker 70 Rs 14,000 USD 1,000 Rs 77,000 USD 2,600 INS￾2.4 Insurance Salesperson (Registration) 75 Rs 1,300 Rs 3,000 INS￾2.5 Claims Professional 78 Rs 22,500 - INS￾2.6 Other Insurance Professionals

• Third Party
  Administrator
  78A Rs 25,000
  USD 900
  Rs 47,500
  USD 1,700

• The fees set out in USD shall be applicable for a Global Business Licence or a corporation
  holding a Global Business Licence.
  The Trusts Act
  Code Approval/Authorisation
  Relevant
  Section of
  Trusts Act
  Processing
  Fee (Rs)
  TAC￾1.1
  Qualified Trustee (other than a Management Company) - Authorisation 2 9,000 TAC￾1.2 Enforcer (purpose trust created by a Mauritian national only) 19 and 21 - TAC￾1.3 Successor to Enforcer (purpose trust created by a Mauritian national only) 19 - Private Pension Schemes Code Licence/ Authorisation Relevant Section of the Private Pension Schemes Act Processing Fee Variable Annual Fee PPS￾1.1 Pension Scheme 9 Rs 6,000 Rs 30 per member PPS￾1.2 Foreign Pension Scheme 10 USD 220 USD 1 per resident member PPS￾1.3 External Pension Scheme 12 USD 220 USD 1 per member

31
Private Pension Schemes
Code Licence/
Authorisation
Relevant Section of the Private Pension Schemes Act Processing Fee Variable Annual Fee PPS￾1.3Cv External Pension Scheme (protected cell company) 12 USD 1,000 for the first cell, and USD 300 for every additional cell USD 100 per member Authorisation to administer Private Pension Schemes Code Authorisation Relevant
Section of
the Private
Pension
Schemes
Act
Processing
Fee
Annual
Fee Variable Annual Fee
PPS￾2.1
Governing body to administer
Private
Pension
Scheme
27 Rs 27,000
USD 900 - - -
PPS￾2.2
Long-term insurer to administer
Private
Pension
Scheme
27 Rs 30,000
USD 900
Rs
50,000
USD
1,500
10001-15000 beneficiaries
Rs
10,000
USD
350
15001-20000 beneficiaries
Rs
15,000
USD
500

20000
beneficiaries
Rs
20,000
USD
700
Captive Insurance Business
Code Licence/Authorisation
Relevant Section of the 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 an applicant not applying for a Global Business Licence or a 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.

32
Virtual Asset Service Providers
Code Class of Licence
Relevant Section of the
Virtual Asset and Initial
Token Offering Services
Act 2021
Processing
Fee
Fixed
Annual
Fee
VA –
1.1
Virtual Asset
Broker-Dealer
(Class M)
7
USD 1,000
Rs 45,000
USD 2,000
Rs 90,000
VA –
1.2
Virtual Asset
Wallet Services
(Class O)
7
USD 1,000
Rs 45,000
USD 1,900
Rs 85,000
VA –
1.3
Virtual Asset
Custodian
(Class R)
7
USD 1,500
Rs 70,000
USD 2,500
Rs 110,000
VA –
1.4
Virtual Asset
Advisory Services
(Class I)
7
USD 3,000
Rs 135,000
USD 5,000
Rs 220,000
VA –
1.5
Virtual Asset
Market Place
(Class S)
7
USD 3,000
Rs 135,000
USD 5,000
Rs 220,000
VT –
1.1
Issuers of Initial
Token Offerings 23 USD 2,000
Rs 90,000 -
Variable Capital Company
Code Authorisation
Relevant
Section of the
Variable Capital
Company Act
Processing
Fee
Fixed Annual
Fee
Variable
Annual
Fee
VCC￾1.1 VCC Fund 7
Rs. 45,000
(USD 900) inclusive of the first sub-fund; and Rs 20,000 (USD 400) for each additional sub-fund or SPV Rs. 135,000 (USD 2,700) inclusive of the first sub-fund; - Rs 45,000 (USD 900) each, for the 2 nd to the 5th sub-fund/SPV; and Rs 87,750 (USD 1,800) For each additional sub￾fund or SPV An additional annual fee of Rs 225,000 (USD 4,500) for each sub-fund which

33 is authorised to operate as a
Special
Purpose Fund
An additional annual fee of
Rs
225,000 (USD
4,500) for each sub-fund which is authorised to operate as a REIT
PART II
Global Business and Authorised Company Licence Code Licence Relevant Section of the Act Processing Fee (USD) Annual Fee (USD) FS-4.1 Global Business Licence 72 600 2,600 FS-4.3 Authorised Company 71A 600 1,400*

• This amount excludes the annual registration fee of USD 65, or such other fee as the
  Registrar of Companies may determine, payable to the Registrar of Companies
  PART III
  First Annual Licence Fee
  Months in which licence is granted
  GBC
  (USD)
  Nominee
  (USD)
  Management
  Licence
  (USD)
  Authorised
  Company
  (USD)
  July - September 2,600 500 6,800 1,400 October- December 1,950 375 5,100 1,050 January - March 1,300 250 3,400 700 April - June 650 125 1,700 350 Amended by FSC Rules [GN No. 119 of 2026]

34
Second Schedule
(Rule 14)
PART I
FEES AND CHARGES FOR GLOBAL BUSINESS CORPORATION Description Fees and charges payable (USD) If Annual Fee paid:
On due date 2,600
Within 1 month after due date 3,250
After 1 month but within 3 months after due date 3,900 After 3 months but within 6 months after due date 5,200 Amended by FSC Rules [GN No. 201 of 2011], [GN No. 113 of 2019], [GN No. 51 of 2025], [GN No. 119 of 2026]
PART II
Reinstatement
Description
GBC / GBC 1
USD
Reinstatement Fee 500
Charges payable for the period starting from the date the licence lapsed to the 300 per month* date of application for reinstatement *Includes the month within which the application for reinstatement is made. Amended by FSC Rules [GN No. 154 of 2022]

35
PART III
FEES AND CHARGES FOR AUTHORISED COMPANY Description Fees and charges payable (USD) If Annual fee is paid:
On due date 1,400
Within 1 month after due date 1,750
After 1 month but within 3 months after due date 2,100 After 3 months but within 6 months after due date 2,800

Amended by FSC Rules [GN No. 154 of 2022], [GN No. 51 of 2025], [GN No. 119 of 2026]
PART IV – REINSTATEMENT OF AUTHORISED COMPANY USD
Reinstatement Fee 150
Monthly charges payable for the period starting from 75 the date the licence lapsed to the date of application for reinstatement *Includes the month within which the application for reinstatement is made.

36
Third Schedule
(Rules 2, 6 and 7)
Personal Questionnaire
Section 1: Applicant

1. Name of Applicant1
   :
   Section 2: Personal Details
2. Full Name of Respondent2
   :
   Title (Mr. /Mrs. /Ms., etc.):
   Surname:
   Forename:
   Maiden name (if applicable):
   Other name(s) or aliases used (if any):
3. Capacity in which the Respondent is completing this questionnaire:
4. Previous name(s) by which you have been known (if any):
5. Date of Birth (dd/mm/yyyy):
6. Place of birth:
   Town
   State
   Country
7. Nationality, and how it was acquired (e.g., Birth, Naturalisation, Marriage):
   (If you hold more than one Nationality, please provide details for all Nationalities currently or previously held)
8. Passport/ Identity Card Number
   1
   Applicant means the Company that has applied to the FSC for a Licence and in whose name (if the application is successful) the Licence will be issued. “Applicant” should not be interpreted to mean “Promoter” (the original shareholder) or an existing Management Company (which is merely an agent of the Applicant) who may submit the application on behalf of the Applicant. 2 Respondent means the person submitting the Personal Questionnaire to the FSC in connection with the Applicant or Licensee.

37
9. Current residential address (with relevant dates):
Address Line 1 (Street Address):
Address Line 2 (Apartment, suite, unit, building, floor, etc.):
City:
State/Province/Region:
Zip/Postal:
Country:
Dates at this Address: (mm/yyyy) From To
10. Previous residential addresses during the last ten years (with relevant dates)
Previous address 1.
Address Line 1 (Street Address):
Address Line 2 (Apartment, suite, unit, building, floor, etc.):
City:
State/Province/Region:
Zip/Postal:
Country:
Dates at this Address: (mm/yyyy) From To Previous residential address 2:
Address Line 1 (Street Address):
Address Line 2 (Apartment, suite, unit, building, floor, etc.):
City:
State/Province/Region:
Zip/Postal:
Country:
Dates at this Address:(mm/yyyy) From To Previous residential address 3:
Address Line 1 (Street Address):
Address Line 2 (Apartment, suite, unit, building, floor, etc.):
City:
State/Province/Region:
Zip/Postal:
Country:
Dates at this Address (mm/yyyy) From To

38
Previous residential address 4:
Address Line 1 (Street Address):
Address Line 2 (Apartment, suite, unit, building, floor, etc.):
City:
State/Province/Region:
Zip/Postal:
Country:
Dates at this Address (mm/yyyy): From To Previous residential address 5:
Address Line 1 (Street Address):
Address Line 2 (Apartment, suite, unit, building, floor, etc.):
City:
State/Province/Region:
Zip/Postal:
Country:
Dates at this Address (mm/yyyy): From To
11. Are you currently, or were you previously approved/ authorised (within the last 10 years)
by any other Regulatory Body?
Yes
No
If yes, please provide details below:
Name of Regulator Country Position held Name of Date approved Date Approval Corporation (MM/YY) Cease (MM/YY)
12. Do you have any pending applications with any other foreign Financial Services
Regulator?
Yes
No
If yes, please provide full details, including Name of Regulator, Country and Nature of Application
13. Please provide the name and address of your main bank at which you hold a
principal bank account and confirm how long you have been a customer of that bank. Name:
Address:
Date of account opening:
Section 3: Professional Qualifications
14. Current Associateship, Membership or Fellowship (A, M or F) of professional bodies and
year of admission.
A/M/F Admitted (Yr) Professional Body Country

39
Section 4: Academic Qualifications
15. Do you hold any academic qualifications (e.g., BA, LLB, MBA,
PhD)?
Yes
No
If Yes, specify the following in each case:
Qualification Name of Institution Address of Institution Year Obtained
Section 5: Career History
Begin with your current occupation or employment and please give full details of all occupations and employment during the last ten years, leaving no period unaccounted for. Continue on a separate signed sheet if necessary. Please justify any gaps in your employment history.
16. Current Occupation:
Address Line 1 (Street Address):
Address Line 2 (Apartment, suite, unit, building, floor, etc.):
City:
State/Province/Region:
Zip/Postal:
Country:
Date of employment:(mm/yyyy): From To Position held:
Nature of business:
Employment reference details:
Name :
Position:
Contact:
Email:
Previous Occupation 1:
Address Line 1 (Street Address):
Address Line 2 (Apartment, suite, unit, building, floor, etc.):
City:
State/Province/Region:
Zip/Postal:
Country:
Date of employment:(mm/yyyy) From To Position held:

40
Nature of business:
Employment reference details:
Name:
Position:
Contact:
Email:
Previous Occupation 2:
Address Line 1 (Street Address) :
Address Line 2 (Apartment, suite, unit, building, floor, etc.) :
City:
State/Province/Region:
Zip/Postal:
Country:
Dates of employment:(mm/yyyy) From To Position held:
Nature of business:
Employment reference details:
Name:
Position:
Contact:
Email:
Previous Occupation 3:
Address Line 1 (Street Address):
Address Line 2 (Apartment, suite, unit, building, floor, etc.):
City:
State/Province/Region:
Zip/Postal:
Country:
Date of employment:(mm/yyyy) From To Position held:
Nature of business:
Employment reference details:
Name:
Position:
Contact:
Email:
Section 6: Fitness and Propriety
17. Please state any position you have held in any corporation3
(during the last ten years).
3
Includes, where specified in FSC Rules, any trust, société, partnership or any other body of persons.

41
Name of Current (C)/ Country of corporation Post Previous (P) incorporation/licence/authorisation/ approval/registration At any time, have you been involved with an application for regulatory approval in any jurisdiction where that application has been refused or withdrawn? YES/NO (Please delete as appropriate). If yes, please give full particulars.
18. Are you, through any previous or current occupation, employment, position or
otherwise, precluded in any way from carrying on (fully or partially) the services which the corporation (identified in 18 above) offers? YES/NO (Please delete as appropriate). If yes, please give full particulars.
19. Have you or any corporation in which you are or have been associated with at any time,
been convicted of any offence including spent matters by any Court in any jurisdiction? If so, give full particulars of the Court by which you were convicted, the offence and the penalty imposed and the date of conviction. (Road Traffic offences should not be listed). YES/NO (Please delete as appropriate). If yes, please give full particulars.
20. Have you, or any corporation with which you are or have been associated4
:
(a) been the subject of any punitive action; (b) been refused a licence or equivalent authorisation to carry on a business activity; (c) have had a licence or equivalent authorisation to carry on a business activity revoked; (d) been censured, disciplined or publicly criticised or adversely commented upon and (e) is, or has been the subject of any investigation and/or enquiry by any professional body or any public body or any Regulatory Authority? YES/NO (Please delete as appropriate). If yes, please give full particulars.
21. Have you ever been adjudicated bankrupt by any Court or entered into a compromise
or arrangement with creditors?
YES/NO (Please delete as appropriate). If yes, please give full particulars.
22. Have you ever failed to satisfy any debt adjudged due and payable by you as a
judgment-debtor under an order of a court in any jurisdiction? 4 Associated in this form means associated as a director, secretary, controller, officer, as a senior member of staff or a controlling shareholder.

42
YES/NO (Please delete as appropriate). If yes, please give full particulars.
23. Has any corporation with which you have been associated been compulsorily wound up or
has been subject to voluntary winding up, or made any compromise or arrangement with its creditors, or ceased trading? YES/NO (Please delete as appropriate). If yes, please give full particulars.
24. Are you engaged in any personal litigation with respect to the management of
any business corporation?
YES/NO (Please delete as appropriate). If yes, please give full particulars.
25. Have you ever, at any time, been the subject of an investigation in relation to a
corporation, including a financial institution?
YES/NO (Please delete as appropriate). If yes, please give full particulars.
26. Have you ever been disqualified from acting as a director or similar position5
? Have you ever, at any time, been the subject of an investigation in relation to a corporation, including a financial institution? YES/NO (Please delete as appropriate). If yes, please give full particulars.
27. Do you have any written complaints made against you by clients or former clients in the last five
years which you have accepted, or which are awaiting determination, or have been upheld – by an Ombudsman or complaints scheme? YES/NO (Please delete as appropriate). If yes, please give full particulars.
28. Have you ever been refused entry to, or been dismissed, suspended or requested to resign from,
any professional, vocation, office or employment, or from any fiduciary office or position of trust whether or not remunerated? YES/NO (Please delete as appropriate). If yes, please give full particulars.
29. Have you ever, anywhere, been censured, disciplined or criticised by any professional body
to which you belong or have belonged to?
YES/NO (Please delete as appropriate). If yes, please give full particulars. 5One where the respondent acts in a management capacity or conducts the affairs of any company, partnership or unincorporated association.

43
30. In carrying out your duties, will you be acting on the directions or instructions of any
other person?
YES/NO (Please delete as appropriate). If yes, please give full particulars.
31. In the course of any trial or proceedings involving fraud, dishonesty or similar matters, have
you ever been required to give evidence other than as an expert witness? YES/NO (Please delete as appropriate). If yes, please give full particulars.
32. Have you, a family member or a close associate, at any time, been designated as a politically
exposed person (PEP)6
?
YES/NO (Please delete as appropriate). If yes, please give full particulars. 6 “politically exposed person” or “PEP” – means a foreign PEP, a domestic PEP and an international organisation PEP; and for the purposes of this definition – “domestic PEP” means a natural person who is or has been entrusted domestically with prominent public functions in Mauritius and includes the Head of State and of government, senior politicians, senior government, judicial or military officials, senior executives of state owned corporations, important political party officials and such other person or category of persons as may be specified by a supervisory authority or regulatory body after consultation with the National Committee; “foreign PEPs” means a natural person who is or has been entrusted with prominent public functions by a foreign country, including Heads of State or of government, senior politicians, senior government, judicial or military officials, senior executives of state owned corporations, important political party officials and such other person or category of persons as may be specified by a supervisory authority or regulatory body after consultation with the National Committee; “international organisation PEP” means a person who is or has been entrusted with a prominent function by an international organisation and includes members of senior management or individuals who have been entrusted with equivalent functions, including directors, deputy directors and members of the board or equivalent functions and such other person or category of persons as may be specified by a supervisory authority or regulatory body after consultation with the National Committee;

44
33. Declaration
I hereby CERTIFY that the above information is complete and correct to the best of my knowledge and belief and I undertake that, as long as I continue to be a director, shareholder, manager, officer or controller of an institution authorised/licensed under any of the above laws, I will notify the FSC of any material changes affecting the completeness of the answers 17 to 29 above within a period of thirty days. I also hereby AUTHORISE the FSC to make such enquires and seek such further information as it thinks appropriate in verifying the information given in the Personal Questionnaire, or in any other documents submitted as part of this application, for the purposes of performing its due diligence and background checks. Misleading the FSC will lead to criminal prosecutions under the Financial Services Act 2007. Name of Respondent Signature Date Supplemental Information If there are any additional information that must be communicated to the FSC, please populate the below
section accordingly.
Question No. Additional information
Amended by FSC Rules [GN 266 of 2020]