As the non-bank financial services regulator, the Financial Services Commission has the mandate to ensure the good conduct of business and financial stability with the view to maintaining the good repute of the Mauritius International Financial Centre. In order to ensure the right balance between regulation and business facilitation, the Financial Services Commission regularly consults stakeholders on important matters affecting the jurisdiction and issues which may have impact on stakeholders and/or their business.
Consultation is a vital part of the Commission's Stakeholder Engagement policy and an essential means of two-way communication between the regulator and stakeholders which include at the international level, international standard setting bodies, fellow regulatory counterparts and at the local level comprises ministries, authorities, institutions, organisations, licensees, investors, consumers of financial products and the public in general. The purpose of a consultation is to gather views and comment so that issues are decided, as far as possible, on consideration of all the relevant information and arguments. It informs the decision-making process, raising points to be taken into account that might otherwise have been overlooked.
Consultation at the Commission is done in different forms based on circumstances in order to ensure effectiveness and in line with Commission's functions and objects in the Financial Services Act 2007. While consulting stakeholders, the Commission, at times, posts certain documents such as Consultation Papers, Drafts Papers etc. on its Website.
The following consultations were posted on the Website: