Admission of the FSC to the Monitoring Group Steering Committee of IOSCO

This collaboration enables the FSC Mauritius and its regulatory counterparts to take proactive actions in the supervision of entities under their respective purview, in the assessment of applications for licences, in instilling a business-friendly and sound environment for industry players and enhancing investor confidence.

The main responsibilities of the FSC as a member of the MG-SC include:

• Approving the process, content and periodicity of the consultation of the MMoU MG members on matters of common concern;
• Recommendations and decisions on any follow-up action to be taken by the MG-SC in respect of issues identified;
• Discussions on ongoing or future initiatives in relation to the MMoU and undertaking any other assignment.