www

www.= fscmauritius.org

Being licensed and regulated

Financial Services (Consolidated Licensing and Fees) Rules 2008<= /b>

Co= dified list of Licences / Authorisations / Approvals / Recognitions / Registrations (consolidated as at 29 September 2008)

<= /o:p>

(Print in landscape forma= t)

FINANCIAL SERVICE PROVIDERS / ACTIVITIES
= Code	Licence	Download Application Form&nbs= p;	Download Licensing Criteria&n= bsp;	Relevant Section of Financial Servi= ces Act 2007 (FSA 2007)	*Processing Fee (Rupees / US$)**	*Fixed Annual Fee (Rupees / US$)**	*Variable Annual Fee (Rupees / US= $)**
FS-1.1	Assets Management	PDF Word (doc) Annex to Form (Authority)	PDF	S. 14	Rs. 25,000= ($1,000) <= o:p>	Rs. 50,000 ($1,500)	-
FS-1.2	Distribution of Financial Products	PDF Word (doc) Annex to Form (Authority)	PDF	S. 14	Rs. 10,000= ($500)	Rs. 25,000 ($1,000)	-
FS-1.3	Pension Fund Administrators	PDF Word (doc) Annex to Form (Authority)	PDF	S. 14	Rs. 25,000= ($1,000)	Rs. 50,000 ($1,500)	51-250 Cos: Rs 10,000 = &nb= sp; ($500) 251-500 Cos: <= /span>Rs 15,000 = &nb= sp; ($700) > 500 <= st1:place w:st=3D"on">Cos: Rs 2= 0,000 = ($1000)
FS-1.4	Pension Scheme Management	PDF Word (doc) Annex to Form (Authority)	PDF	S. 14	Rs. 25,000= ($1,000) <= o:p>	Rs. 50,000 ($1,500)	51-250 Cos: Rs 10,000 = &nb= sp; ($500) 251-500 Cos: <= /span>Rs 15,000 = &nb= sp; ($700) > 500 <= st1:place w:st=3D"on">Cos: Rs 2= 0,000 = ($1000)
FS-1.5	Registrar and Transfer Agent	PDF Word (doc) Annex to Form (Authority)	PDF	S. 14	Rs. 10,000= ($500)	Rs. 25,000 ($1,000)	-
FS-1.6	Treasury Management	PDF Word (doc) Annex to Form (Authority)	PDF	S. 14	Rs. 25,000= ($1,000)	Rs. 50,000 ($1,500)	51-250 Cos: Rs 10,000 = &nb= sp; ($500) 251-500 Cos: <= /span>Rs 15,000 = &nb= sp; ($700) > 500 <= st1:place w:st=3D"on">Cos: Rs 2= 0,000 = ($1000)
FS-1.7	Custodian Services (non-CIS)	PDF Word (doc) Annex to Form (Authority)	PDF	S. 14	Rs. 25,000= ($1,000) <= o:p>	Rs. 50,000 ($1,500) <= o:p>	-
* The fees set out in US$ shall be applicable only to an applicant for a Global Business Licence or a corporation holding a Global Business Licence.
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SPECIALISED FINAN= CIAL SERVICES / INSTITUTIONS
= Code	Licence	Download Application Form&nbs= p;	Download Licensing Criteria&n= bsp;	<= span style=3D'font-size:8.0pt;font-family:"Arial","sans-serif"'>Relevant S= ection of FSA 2007	Processing= Fee = *(Rupees / U= S$)**	Fixed Annu= al Fee = *(Rupees / U= S$)**	= *Variable An= nual Fee (Rupees / US$)**
FS-2.1	Retirement Benefits Scheme	PDF Word (doc) Annex to Form (Authority)	PDF	S. 14	Rs. 25,000= ($1,000)	= -	= Rs 250 ($10) per member subject to a minimum of Rs 2,500 ($100) and a maximum of Rs 150,000 ($6000)
FS-2.2	Superannuation Funds	PDF Word (doc) Annex to Form (Authority)	PDF	S. 14	Rs. 25,000= ($1,000)	-	Rs 250 ($10) per member subjec= t to a minimum of Rs 2,500 ($100) and a maximum of Rs 150,000 ($6000)
FS-2.3	Credit Finance	PDF Word (doc) Annex to Form (Authority)	PDF	S. 14	Rs. 25,000= ($1,000)	Rs. 50,000 ($1,500)	-
FS-2.4	Factoring	PDF Word (doc) Annex to Form (Authority)	PDF	S. 14	Rs. 25,000= ($1,000)	Rs. 50,000 ($1,500)	-
FS-2.5	Leasing	PDF Word (doc) Annex to Form (Authority)	PDF	S. 14	Rs. 25,000= ($1,000)	Rs. 50,000 ($1,500)	-
FS-2.6	Occupational Pension Scheme	PDF Word (doc) Annex to Form (Authority)	PDF	S. 14	Rs. 25,000= ($1,000)	-	Rs 250 ($1= 0) per member subject to a minimum of Rs 2,500 ($100) and a maximum of Rs 150,000 ($6000)
FS-2.7	Actuarial Services	Same form as FS-2.11	Same criteria as FS-2.11=	S 14	Rs. 25,000 ($1,000)	Rs. 50,000 ($1,500)	-
FS-2.8	Credit Rating Agencies/Rating Agencies	Same form as FS-2.11	Same criteria as FS-2.11=	S 14	Rs. 50,000 ($ 2,000)<= o:p>	Rs. 100,000 ($ 3,000)<= o:p>	-
FS-2.9	Payment Intermediary Services	Same form as FS-2.11	Same criteria as FS-2.11=	S 14	Rs. 25,000 ($1,000)	Rs. 50,000 ($1,500)	-
FS-2.10	Representative Office (for financial services provided by a person established in a foreign jurisdiction)	Same form as FS-2.11	Same criteria as FS-2.11=	S 14	Rs. 25,000 ($1,000)	Rs. 50,000 ($1,500)	-
FS-2.11	Other Financial Business Activity	PDF Word (doc) Annex to Form (Authority)	PDF	S. 14	Rs. 25,000 ($1,000) <= o:p>	Rs. 50,000 ($1,500) <= o:p>	-
* The fees set out in US$ shall be applicable only to an applicant for a Global Business Licence or a corporation holding a Global Business Licence.
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CORPORATE AND TRUST SERVICE PROVIDER
= Code	Licence	Download Application Form&nbs= p;	Download Licensing Criteria&n= bsp;	<= span style=3D'font-size:8.0pt;font-family:"Arial","sans-serif"'>Relevant S= ection of FSA 2007	Processing Fee (US$)	Annual Fee (US$)
FS-3.1A	Management Licence	PDF Word (doc) Annex to Form (Authority)	PDF	S. 77	500=	3,000
FS-3.1B	Management Licence (Qualified / Corporate Trustee only)	PDF Word (doc) Annex to Form (Authority)	PDF	S. 77	500=	3,000
FS-3.2	Nominee Company (Approval)	PDF Word (doc) Annex to Form (Authority)	PDF	S. 78	250=	350=
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SELF REGULATORY ORGANISATIONS (SROs)
= Code	Declaration / Recognition	Download Application Form&nbs= p;	Download Licensing Criteria&n= bsp;	<= span style=3D'font-size:8.0pt;font-family:"Arial","sans-serif"'>Relevant S= ection of FSA 2007	Processing Fee	Fixed Annual Fee	Variable Annual Fee
FS-5.1	SRO	PDF Word (doc) Annex to Form (Authority)	PDF	S. 33	To be dete= rmined by the Commission on each case
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PROVIDERS OF MARKET INFRASTRUCTURE
= Code	Licence	Download Application Form&nbs= p;	Download Licensing Criteria&n= bsp;	<= span style=3D'font-size:8.0pt;font-family:"Arial","sans-serif"'>Relevant S= ection of Securities Act 2005	Processing Fee (Rupees)	Fixed Annual Fee (Rupees)	Variable Annual Fee
SEC-1.1	Securities Exchange	PDF Word (doc) Annex to Form (Authority)	PDF	S. 9	Rs. 250,00= 0	Minimum of 500,000	To be determined by the Commission<= /span>
SEC-1.2	Clearing & Settlement Facility	PDF Word (doc) Annex to Form (Authority)	PDF	S. 10	Rs. 250,00= 0	Minimum of 500,000	To be dete= rmined by the Commission<= /span>
SEC-1.3	Securities Trading Systems	PDF Word (doc) Annex to Form (Authority)	PDF	S. 11	Rs. 250,00= 0	-	-
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REPORTING ISSUER
= Code	Registration	Download Application Form&nbs= p;	Download Licensing Criteria&n= bsp;	<= span style=3D'font-size:8.0pt;font-family:"Arial","sans-serif"'>Relevant Enactment	Registration Fee (Rupees)	Fixed Annual Fee (Rupees)	Variable Annual Fee
SEC-4.4	Reporting Issuer	PDF Excel (xls) Annex to Form (Authority)	PDF	S. 86 and Rule 3 of Securities (Disclosure Obligations of Reporting Issuer) Rules 2007	10,000	-	-
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SECURITIES OR CAPITAL MARKET INTERMEDIARIES
= Code	Licence	Download Application Form&nbs= p;	Download Licensing Criteria&n= bsp;	<= span style=3D'font-size:8.0pt;font-family:"Arial","sans-serif"'>Relevant S= ection of Securities Act 2005	Processing= Fee *(Rupees / US$)**	Fixed Annu= al Fee *(Rupees / US$)**	Other Fee
SEC-2.1A	Investment Dealer (Full Service Dealer including Underwriting)	PDF Word (doc) Annex to Form (Authority)	PDF	S. 29 and S53	Rs. 100,000 ($3000)	= Rs. 250,000 ($7500)	As per Sto= ck Exchange (Brokerage) Regulations 1989
SEC-2.1B	Investment Dealer (Full Service Dealer excluding Underwriting)	PDF Word (doc) Annex to Form (Authority)	PDF	S. 29	Rs. 7,500 ($750)	Rs. 50,000 ($2000)
SEC-2.2	Investment Dealer (Broker)	PDF Word (doc) Annex to Form (Authority)	PDF	S. 29	Rs. 5,000 ($500)	Rs. 30,000 ($1750)
SEC-2.3	Investment Dealer (Discount Broker)	PDF Word (doc) Annex to Form (Authority)	PDF	S. 29	Rs. 2,500 ($250)	Rs. 20,000 ($1250)
SEC-2.4	Investment Adviser (Unrestricted)	PDF Word (doc) Annex to Form (Authority)	PDF	S. 30	Rs. 5,000 ($ 500)	Rs. 25,000 ($ 1,500) =	-
SEC-2.5	Investment Adviser (Restricted)	PDF Word (doc) Annex to Form (Authority)	PDF	S. 30	Rs. 5,000 ($ 500)	Rs. 15,000 ($ 1,000)	-
SEC-2.6A	Representative of Investment Dealer (Full Service Dealer) Type 1	PDF Word (doc) Annex to Form (Authority)	PDF	S. 29	Rs. 2,500 ($250)	Rs. 10,000 ($750)	-
SEC-2.6B	Representative of Investment Dealer (Full Service Dealer) Type 2	Same form as SEC-2.6A	Same criteria as SEC-2.6A	S. 29	Rs. 2,500 ($250)	Rs. 10,000 ($750)	-
SEC-2.6C	Representative of Investment Dealer (Full Service Dealer) Type 3	Same form as SEC-2.6A	Same criteria as SEC-2.6A	S. 29	Rs. 2,500 ($250)	Rs. 10,000 ($750)	-
SEC-2.6D	Representative of Investment Dealer (Broker) Type 1	Same form as SEC-2.6A	Same criteria as SEC-2.6A	S. 29	Rs. 2,500 ($250)	Rs. 10,000 ($750)	-
SEC-2.6E	Representative of Investment Dealer (Broker) Type 2	Same form as SEC-2.6A	Same criteria as SEC-2.6A	S. 29	Rs. 2,500 ($250)	Rs. 10,000 ($750)	-
SEC-2.6F	Representative of Investment Dealer (Discount Broker)	Same form as SEC-2.6A	Same criteria as SEC-2.6A	S. 29	Rs. 2,500 ($250)	Rs. 10,000 ($750)	-
SEC-2.7A	Representative of Investment Adviser (Unrestricted)	PDF Word (doc) Annex to Form (Authority)	PDF	S. 30	Rs. 2,500 ($250)	Rs. 10,000 ($750)	-
SEC-2.7B	Representative of Investment Adviser (Restricted)	Same form as SEC-2.7A	Same criteria as SEC-2.7A	S. 30	Rs. 2,500 ($250)	Rs. 10,000 ($750)	-
SEC-2.8	Investment Dealer (Commodity Derivatives Segment)	PDF Word (doc) Annex to Form (Authority)	PDF	S. 29	Rs. 30,000 ($ 1000)	Rs. 90,000 ($ 3000)	-
SEC-2.9	Investment Dealer (Currency Derivatives Segment)	PDF Word (doc) Annex to Form (Authority)	PDF	S. 29	Rs. 30,000 ($ 1000)	Rs. 90,000 ($ 3000)	-
SEC-5.1	Foreign Investment Dealer (Commodity Derivatives Segment)	PDF Word (doc) Annex to Form (Authority)	PDF	S. 29 and Rule 10 of Securities (Authorization of Foreign Investment Dealers) Rules 2010	($ 1,000)<= /span>	($ 3,000)<= /span>	-
SEC-5.2	Foreign Investment Dealer (Currency Derivatives Segment)	PDF Word (doc) Annex to Form (Authority)	PDF	S. 29 and Rule 10 of Securities (Authorization of Foreign Investment Dealers) Rules 2010	($ 1,000)<= /span>	($ 3,000)<= /span>	-
* The fees set o= ut in US$ shall be applicable only to an applicant for a Global Business Licence or a corporation holding a Global Business Licence, and its representatives respectively.=
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COLLECTIVE INVESTMENT SCHEMES AND CLOSED-END FUNDS
= Code	Authorised / Recognised / Approved	Download Application Form&nbs= p;	Download Licensing Criteria&n= bsp;	<= span style=3D'font-size:8.0pt;font-family:"Arial","sans-serif"'>Relevant S= ection of Securities Act 2005	Processing Fee = *(Rupees / US$)**	Fixed Annual Fee = *(Rupees / US$)**
	Collective Investment Scheme (CIS)<= /span>
SEC-3.1A	CIS (Single fund)	PDF Word (doc) = Annex to Form (Authority)	PDF Word (doc)<= /a>	S. 97	Rs. 25,000= ($ 1,000)<= o:p>	Rs. 75,000= ($ 2,500)<= o:p>
SEC-3.1Bv<= /span>	CIS (having more than 1 fund)	PDF Word (doc) = Annex to Form (Authority)	PDF= = Word (doc)<= /a>	S. 97	Rs. 25,000= ($ 1,000) which includes the first fund and Rs. 5,000 ($ 300) for each additional fund	Rs. 75,000= ($ 2,500) which includes the first fund and Rs. 10,000 ($ 500) for each additional fund
SEC-3.1Cv<= /span>	CIS (Protected Cell Company)	PDF Word (doc) = Annex to Form (Authority)	PDF Word (doc)<= /a>	S. 97	$ 1,000 wh= ich includes the first cell and $ 300 for each additional cell	$ 2,500 wh= ich includes the first cell and $ 500 for each additional cell=
	Closed-end fund
SEC-3.2A	Closed-end fund (Single Fund)	PDF Word (doc) = Annex to Form (Authority)	PDF Word (doc)<= /a> = ;	S. 97	Rs. 25,000= ($ 1,000)<= o:p>	Rs. 75,000= ($ 2,500)<= o:p>
SEC-3.2Bv<= /span>	Closed-end fund (having more than 1 fund)	PDF Word (doc) = Annex to Form (Authority)	PDF Word (doc)<= /a>	S. 97	Rs.25,000(= $1,000) which includes the first fund and Rs. 5,000 ($ 300) for each addition= al fund
SEC-3.2Cv<= /span>	Closed-end fund (Protected Cell Company)	PDF Word (doc) = Annex to Form (Authority)	PDF Word (doc)<= /a> = ;	S. 97	$ 1,000 wh= ich includes the first cell and $ 300 for each additional cell=
	Foreign Scheme<= /p>
SEC-3.3A	Single Fund	-	-	$ 1,000	-
SEC-3.3B = ; = ;	Scheme with more than 1 sub-fund -	-	-	= ;
For the recognition of the 1st to 25th sub-fund	= -	= -	$ 1,000 fo= r each sub-fund	-
For the recognition of the 26th to 50th sub-fund=	= -	= -	$750 for e= ach additional sub-fund	-
For the recognition of the 51st sub fund and any additional sub fund	-	-	$500 for e= ach additional sub fund	-
* Except for the fees under the heading Foreign Scheme, the fees set ou= t in US$ shall be applicable only to an applicant for a Global Business Licence or a corporation holding a Global Business Licence.
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CIS FUNCTIONARIES AND PROFESSIONALS
= Code	Licence	Download Application Form&nbs= p;	Download Licensing Criteria&n= bsp;	<= span style=3D'font-size:8.0pt;font-family:"Arial","sans-serif"'>Relevant S= ection of Securities Act 2005	Processing Fee = *(Rupees / US$)**	Fixed Annual Fee = *(Rupees / US$)**
SEC-4.1	Custodian	PDF Word (doc) Annex to Form (Authority)	&nbs= p; PDF Word (doc)<= /a>	S. 100	Rs. 25,000 ($ 1,000)	Rs. 50,000 ($ 2,000)
SEC-4.2	CIS Manager	PDF Word (doc) Annex to Form (Authority)	&nbs= p; PDF Word (doc)<= /a>	S. 98	Rs. 25, 000 ($ 1,000)	Rs. 50,000 ($ 2,000)
SEC-4.3	CIS Administrator (Approval)	PDF Word (doc) Annex to Form (Authority)	&nbs= p; PDF Word (doc)<= /a>	S. 99	Rs. 15,000 ($ 500)	Rs. 30,000 ($ 1,000)
* The fees set o= ut in US$ shall be applicable only to an applicant for a Global Business Licence or a corporation holding a Global Business Licence.
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INSURERS / REINSURERS
= Code	Licence	Download Application Form&nbs= p;	Download Licensing Criteria&n= bsp;	<= span style=3D'font-size:8.0pt;font-family:"Arial","sans-serif"'>Relevant S= ection of Insurance Act 2005	Processing Fee = *(Rupees / US$)**	Fixed Annual Fee = *(Rupees / US$)**	Variable Annual Fee - payable on quarterly basi= s ┼ *(Rupees / US$)** =
INS-1.1	Long-Term Insurance Business	PDF Word (doc) Annex to Form (Authority)	PDF	S. 10	Rs. 75,000=	= Rs. 100,000	= (0.35% * Gross Premium from policies issued on or after 1 July 2008
INS-1.2	General Insurance Business	PDF Word (doc) Annex to Form (Authority)	PDF	S. 10	Rs. 75,000=	= Rs. 100,000	(0.35% * G= ross Premium )
INS-1.3	External Insurance Business**	PDF Word (doc) Annex to Form (Authority)	PDF	S. 11	$ 1,000	$ 1,500	-
INS-1.4	Professional Reinsurer**	PDF Word (doc) Annex to Form (Authority)	PDF	S. 9	Rs 25,000 ($ 1,000) =	Rs 50,000 ($1,500) <= o:p>	-
* The fees set out in US$ shall be applicab= le only to an applicant for a Global Business Licence or a corporation holding a Global Business Licence. ┼ the vari= able annual fees corresponding to the licence shall be payable within 20 d= ays after the end of every quarter in September, December, March and June= .
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INSURANCE SERVICE PROVIDERS
= Code	Licence	Download Application Form&nbs= p;	Download Licensing Criteria&n= bsp;	<= span style=3D'font-size:8.0pt;font-family:"Arial","sans-serif"'>Relevant S= ection of Insurance Act 2005	Processing Fee = *(Rupees / US$)**	Fixed Annual Fee = *(Rupees / US$)**	=
INS-2.1	Insurance Manager	= ;PDF Word (doc) = Annex to Form (Authority)	-	S. 70	$ 1,000	$ 1,500
INS-2.2 A<= /span>	Insurance Agent (Company)	PDF Word (doc) Annex to Form (Authority)	PDF	S. 70	Rs. 5,000 ($500)	Rs. 15,000 = ($1,000)
INS-2.2 B<= /span>	Insurance Agent (Individual)	PDF Word (doc) Annex to Form (Authority)	PDF	S. 70	Rs. 2,500 =	Rs. 6,000 =
INS-2.3	Insurance Broker	PDF Word (doc) Annex to Form (Authority)	PDF	S. 70	Rs. 10,000 ($750)	Rs. 50,000 ($1,500) <= o:p>
INS-2.4	Insurance Salesperson (Registration)	PDF Word (doc) Annex to Form (Authority)	PDF	S. 75	Rs. 1,000 =	Rs. 2,000 =
INS-2.5	Claims Professional (Registration)			S. 78	Rs. 25,000=	-
* The fees set o= ut in US$ shall be applicable only to an applicant for a Global Business Licence or a corporation holding a Global Business Licence.
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THE TRUST ACT 2001
= Code	Approval	Download Application Form	Download Licensing Criteria&n= bsp;	<= span style=3D'font-size:8.0pt;font-family:"Arial","sans-serif"'>Relevant S= ection of Trust Act 2001	Processing Fee Rupees<= /p>
TAC-1.1	Qualified Trustee (other than a Management Company) - Authorisation	Company PDF Word (doc)	Company PDF	S. 2	Rs. 10,000=
		Individual PDF Word (doc)	Individual PDF
TAC-1.2	Enforcer (purpose trust created by a Mauritian national only)	Company PDF Word (doc)	Company PDF	S19 and S 21	-
		Individual PDF Word (doc)	Individual PDF
TAC-1.3	Successor to Enforcer (purpose trust created by a Mauritian national only)	Company PDF Word (doc)	Company PDF	S. 19	-
		Individual PDF Word (doc)	Individual PDF
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GLOBAL BUSINESS LICENCE
= Code	Licence	Download Application Form&nbs= p;	Download Licensing Criteria&n= bsp;	<= span style=3D'font-size:8.0pt;font-family:"Arial","sans-serif"'>Relevant S= ection of FSA 2007	Processing Fee US$	Annual Fee US$
FS-4.1	Category 1 Global Business Licence	FS-4.1 main page PDF Word (doc) Form A PDF Word (doc) Form B PDF Word (doc) Form C PDF Word (doc) = ; In addition to the above Forms, where an applicant for a Category 1 Global Business Licence proposes to conduct any business for which a licence, authorisation, registration, or approval is required under any other enactment, it shall refer to the relevant Code for the appropriate Form	(Refer to&= nbsp; Forms)<= /p>	S. 72	500=	1,500
FS-4.2	Category 2 Global Business Licence	PDF Word (doc)	(Refer to&= nbsp; Form)	S. 72	100=	235*
*This amount excludes the annual registration fee of $65, or such other fee= as the Registrar of Companies may determine, payable to the Registrar of Companies.

FIRST ANNUAL LICENCE FEE
Months in which application is made			GBC1 US$	GBC2 US$	Nominee US$	Management Licence US$
July - September			1,500	235=	350=	3,000
October - December			1,125	175=	265=	2,250
January - = March			750	120=	175=	1,500
April - Ju= ne			375	60<= span style=3D'font-size:10.0pt'>	90<= span style=3D'font-size:10.0pt'>	750=
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