FSC Meetings with Industry Representatives
FSC Meetings with Industry Representatives
It was commonly agreed that the following measures would, inter alia, be taken:
- Circular Letter will be issued to provide clarifications with regards to the New Code of Corporate Governance;
- Circular Letter will be issued to provide clarifications with respect to Section 23 of the Financial Services Act 2007;
- Suggestions to improve the OSP platform for submission of applications will be taken into consideration;
- Clarification to Circular Letter CL181016 on conduct of business in Mauritius by a corporate holding a GBC2 can also open bank accounts in Mauritian currency for the purpose of listing; and
- Post Budget: In relation to Fintech, the FSA 2007 will be amended to include Fintech activities in the Second Schedule and licensing fees rules will be revised accordingly.
The FSC Mauritius also met industry representatives four times in 2016 to foster a more collaborative approach on salient issues impacting the sector.