Codified List

Financial Services (Consolidated Licensing and Fees) 2008 Codified list of Licences / Authorisations / Approvals / Recognitions / Registrations

(consolidated as at 05 November 2012)

FINANCIAL SERVICE PROVIDERS / ACTIVITIES
Code	Licence	Application Form	Licensing Criteria	Relevant Section of Financial Services Act 2007 (FSA 2007)	*Processing Fee (Rupees / USD )**	*Fixed Annual Fee (Rupees / USD )**	*Variable Annual Fee (Rupees / USD )**
FS-1.1	Assets Management	PDF Word (doc) Annex to Form (Authority)	PDF	S. 14	Rs. 25,000 (USD 1,000)	Rs. 57,000 (USD 1,900)	-
FS-1.2	Distribution of Financial Products	PDF Word (doc) Annex to Form (Authority)	PDF	S. 14	Rs. 10,000 (USD 500)	Rs. 36,000 (USD 1,200)	-
FS-1.3	Pension Scheme Administrators	PDF Word (doc) Annex to Form (Authority)	PDF	S. 14	Rs. 25,000 (USD 1,000)	Rs. 60,000 (USD 2,000)	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	PDF Word (doc) Annex to Form (Authority)	PDF	S. 14	Rs. 10,000 (USD 500)	Rs. 36,000 (USD 1,200)	-
FS-1.6	Treasury Management	PDF Word (doc) Annex to Form (Authority)	PDF	S. 14	Rs. 25,000 (USD 1,000)	Rs. 57,000 (USD 1,900)	51-250 Cos: Rs.10,000 (USD 500) 251-500 Cos: Rs.15,000 (USD 700) > 500 Cos: Rs.20,000 (USD 1000)
FS-1.7	Custodian Services (non-CIS)	PDF Word (doc) Annex to Form (Authority)	PDF	S. 14	Rs. 25,000 (USD 1,000)	Rs. 57,000 (USD 1,900)	-
FS-1.8	Global Headquarters Administration	PDF Word (doc)	PDF	S. 14	Rs. 30,000 (USD 1,000)	Rs. 75,000 (USD 2,500)	-
FS-1.9	Global Treasury Activities	PDF Word (doc)	PDF	S. 14	Rs. 30,000 (USD 1,000)	Rs. 75,000 (USD 2,500)	-
FS-1.10	Global Legal Advisory Services	PDF Word (doc)	PDF	S. 77A	30,000 USD 1,000	75,000 USD 2,500	-
FS-1.11	Funeral Scheme Management	PDF Word (doc)	PDF	S. 14	Rs. 25,000	Rs. 50,000	-

FS-1.15	Family office ( Single)	PDF Word (doc) Annex to Form (Authority)	PDF	S. 14	USD 2,500	USD 5,000	-
FS-1.16	Family Office (Multiple)	PDF Word (doc) Annex to Form (Authority)	PDF	S. 14	USD 5,000	USD 10,000	-
FS-1.17	Peer to Peer Lending	PDF Word (doc) Annex to Form (Authority)	PDF	S. 14	Rs. 30,000 (USD 1,000)	Rs. 60,000 (USD 2,000)	0.35% of gross fees from Peer to Peer lending activities
* The fees set out in USD shall be applicable for a Global Business Licence or a corporation holding a Global Business Licence
FS-1.18	Robotic and Artificial Intelligence Enabled Advisory Services	PDF Word (doc) Annex to Form (Authority)	PDF	S. 14	Rs. 20,000 (USD 500)	Rs. 76,000 (USD 1,900)
* The fees set out in USD shall be applicable for a Global Business Licence or a corporation holding a Global Business Licence
FS-1.19	Crowdfunding	PDF Word (doc) Annex to Form (Authority)	PDF	S. 14	Rs. 40,000 (USD 1,000)	Rs. 80,000 (USD 2,000)	0.35% of gross fees from Crowdfunding activities
* The fees set out in USD shall be applicable for a Global Business Licence or a corporation holding a Global Business Licence
FS-1.20	Money Lending Licence	PDF Word (doc) Annex to Form (Authority)	PDF	S. 14A	Rs. 43,000 (USD 1000)	Rs. 82,000 (USD 1,900)
* The fees set out in USD shall be applicable for a Global Business Licence or a corporation holding a Global Business Licence
FS-7.1	Global Shared Services	Annex to Form (Authority)	PDF	S.77 C	USD 1,000	USD 2,500

SPECIALISED FINANCIAL SERVICES / INSTITUTIONS
Code	Licence	Application Form	Licensing Criteria	Relevant Section of FSA 2007	*Processing Fee (Rupees / USD )**	*Fixed Annual Fee (Rupees / USD )**	*Variable Annual Fee (Rupees / USD )**
FS-2.3	Credit Finance	PDF Word (doc) Annex to Form (Authority)	PDF	S. 14	Rs. 25,000 (USD 1,000)	Rs. 57,000 (USD 1,900)	-
FS-2.4	Factoring	PDF Word (doc) Annex to Form (Authority)	PDF	S. 14	Rs.25,000 (USD 1,000)	Rs.57,000 (USD 1,900)	-
FS-2.5	Leasing	PDF Word (doc) Annex to Form (Authority)	PDF	S. 14	Rs.25,000 (USD 1,000)	Rs.57,000 (USD 1,900)	-
FS-2.7	Actuarial Services	Same form as FS-2.11	Same criteria as FS-2.11	S. 14	Rs.25,000 (USD 1,000)	Rs.57,000 (USD 1,900)	-
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 (USD 2,000)	Rs.120,000 (USD 3,800)	-
FS-2.9	Payment Intermediary Services	PDF Word (doc) Annex to Form (Authority)	Same criteria as FS-2.11	S. 14	Rs. 25,000 (USD 1,000)	Rs. 57,000 (USD 1,900)	-
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 (USD 1,000)	Rs. 57,000 (USD 1,900)	-
FS-2.11	Other Financial Business Activity	PDF Word (doc) Annex to Form (Authority)	PDF	S. 14	Rs. 25,000 (USD 1,000)	Rs. 57,000 (USD 1,900)	-
* 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.

CORPORATE AND TRUST SERVICE PROVIDER
Code	Licence	Application Form	Licensing Criteria	Relevant Section of FSA 2007	Processing Fee (USD )	Annual Fee (USD )	Variable Annual Fee +(USD )
FS-3.1A	Management Licence	PDF Word (doc) Annex to Form (Authority)	PDF	S. 77	500	5,000
1. Administrative services to corporations holding a Category 1 Global Business Licence Where a licensee administers:
(i) 1 to 50* entity/ies holding a Category 1 Global Business Licence;							-
(ii)51 to 250* entities holding a Category 1 Global Business Licence;							6,000
(iii) 251 to 500* entities holding a Category 1 Global Business Licence; or							8,000
(iv) more than 500* entities holding a Category 1 Global Business Licence.							10,000
* The number of entities holding a Category 1 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.

2. Registered Agent services Where a licensee acts as registered agent for:
(i) 1 to 50** corporation/s holding Category 2 Global Business Licence;							-
(ii) 51 to 250** corporations holding Category 2 Global Business Licence;							4,000
(iii) 251 to 500** corporations holding Category 2 Global Business Licence; or							5,000
(iv) more than 500** corporations holding Category 2 Global Business Licence.							6,000
** The number of corporations holding a Category 2 Global Business Licence for which the licensee acted as registered agent, on 31st December of the year preceding the financial 18 year for which fees are being paid.

3. Corporate Trusteeship services
Where a licensee provides corporate trusteeship services***							5,000
*** In case the licensee provided Corporate Trusteeship Services on 31st December of the year preceding the financial year for which fees are being paid.

+ 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.

FS-3.1B	Management Licence (Qualified / Corporate Trustee only)	PDF Word (doc) Annex to Form (Authority)	PDF	S. 77	500	5,000
FS-3.2	Nominee Company (Approval)	PDF Word (doc) Annex to Form (Authority)	PDF	S. 78	250	400

SELF REGULATORY ORGANISATIONS (SROs)
Code	Licence	Application Form	Licensing Criteria	Relevant Section 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 determined by the Commission on each case

INVESTMENT BANKING
Code	Licence	Application Form	Licensing Criteria	Relevant Section of FSA 2007	Processing Fee	Fixed Annual Fee	Variable Annual Fee
FS-6.1	Investment Banking Licence	PDF Word (doc) Annex to Form (Authority)	PDF	S. 79A	Rs 100,000	Rs 500,000	-

Virtual Asset Service Providers
Code	Class of Licence	Licensing Criteria	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)	PDF	7	USD 1,000 (MUR 45,000)	USD 2,000 (MUR 90,000)
VA – 1.2	Virtual Asset Wallet Services (Class O)	PDF	7	USD 1,000 (MUR 45,000)	USD 1,900 (MUR 85,000)
VA – 1.3	Virtual Asset Custodian (Class R)	PDF	7	USD 1,500 (MUR 70,000)	USD 2,500 (MUR 110,000)
VA – 1.4	Virtual Asset Advisory Services (Class I)	PDF	7	USD 3,000 (MUR 135,000)	USD 5,000 (MUR 220,000)
VA – 1.5	Virtual Asset Market Place (Class S)	PDF	7	USD 3,000 (MUR 135,000)	USD 5,000 (MUR 220,000)
VT –1.1	Issuers of Initial Token Offerings	PDF	23	USD 2,000 (MUR 90,000)	-

PROVIDERS OF MARKET INFRASTRUCTURE
Code	Licence	Application Form	Licensing Criteria	Relevant Section 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.250,000	Minimum Rs.500,000	To be determined by the Commission
SEC-1.2	Clearing & Settlement Facility	PDF Word (doc) Annex to Form (Authority)	PDF	S. 10	Rs. 250,000	Minimum Rs.500,000	To be determined by the Commission
SEC-1.3	Securities Trading Systems	PDF Word (doc) Annex to Form (Authority)	PDF	S. 11	Rs. 250,000	-	-

REPORTING ISSUER
Code	Licence	Application Form	Licensing Criteria	Relevant Enactment	Registration Fee (Rupees)	Fixed Annual Fee (Rupees)	Variable Annual Fee
SEC-4.4	Reporting Issuer	PDF Excel (Xls)	PDF	S. 86 and Rule 3 of Securities (Disclosure Obligations of Reporting Issuer) Rules 2007	Rs.15,000	-	-

SECURITIES OR CAPITAL MARKET INTERMEDIARIES
Code	Licence	Application Form	Licensing Criteria	Relevant Section of Securities Act 2005	*Processing Fee (Rupees / USD )**	*Fixed Annual Fee (Rupees / USD )**	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 (USD 3,000)	Rs.290,000 (USD 9,500)	As per Stock 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 (USD 750)	Rs. 75,000 (USD 2,500)	As per Stock Exchange (Brokerage) Regulations 1989
SEC-2.2	Investment Dealer (Broker)	PDF Word (doc) Annex to Form (Authority)	PDF	S. 29	Rs. 5,000 (USD 500)	Rs. 60,000 (USD 2,000)	As per Stock Exchange (Brokerage) Regulations 1989
SEC-2.3	Investment Dealer (Discount Broker)	PDF Word (doc) Annex to Form (Authority)	PDF	S. 29	Rs. 2,500 (USD 250)	Rs. 45,000 (USD 1,500)	As per Stock Exchange (Brokerage) Regulations 1989
SEC-2.4	Investment Adviser (Unrestricted)	PDF Word (doc) Annex to Form (Authority)	PDF	S. 30	Rs. 5,000 (USD 500)	Rs. 57,000 (USD 1,900)	-
SEC-2.5	Investment Adviser (Restricted)	PDF Word (doc) Annex to Form (Authority)	PDF	S. 30	Rs.5,000 (USD 500)	Rs.36,000 (USD 1,200)	-
SEC-2.5A	Investment Adviser (Corporate Finance Advisory)	PDF Word (doc) Annex to Form (Authority)	PDF	S. 30	Rs.7,500 (USD 750)	Rs.75,000 (USD 2,500)	-
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 (USD 250)	Rs.27,000 (USD 900)	-
SEC-2.6B	Representative of Investment Dealer (Full Service Dealer) Type 2	Same form as SEC-2.6A	PDF	S. 29	Rs. 2,500 (USD 250)	Rs. 27,000 (USD 900)	-
SEC-2.6C	Representative of Investment Dealer (Full Service Dealer) Type 3	Same form as SEC-2.6A	PDF	S. 29	Rs. 2,500 (USD 250)	Rs. 27,000 (USD 900)	-
SEC-2.6D	Representative of Investment Dealer (Broker) Type 1	Same form as SEC-2.6A	PDF	S. 29	Rs. 2,500 (USD 250)	Rs. 27,000 (USD 900)	-
SEC-2.6E	Representative of Investment Dealer (Broker) Type 2	Same form as SEC-2.6A	PDF	S. 29	Rs. 2,500 (USD 250)	Rs. 27,000 (USD 900)	-
SEC-2.6F	Representative of Investment Dealer (Discount Broker)	Same form as SEC-2.6A	PDF	S. 29	Rs. 2,500 (USD 250)	Rs. 27,000 (USD 900)	-
SEC-2.7A	Representative of Investment Adviser (Unrestricted)	PDF Word (doc) Annex to Form (Authority)	PDF	S. 30	Rs.2,500 (USD 250)	Rs.27,000 (USD 900)	-
SEC-2.7B	Representative of Investment Adviser (Restricted)	Same form as SEC-2.7A	PDF	S. 30	Rs.2,500 (USD 250)	Rs.27,000 (USD 900)	-
SEC-2.7C	Representative of Investment Adviser (Corporate Finance Advisory)	PDF Word (doc) Annex to Form (Authority)	PDF	S. 30	Rs.2,500 (USD 250)	Rs.27,000 (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, and its representatives respectively.

COLLECTIVE INVESTMENT SCHEMES AND CLOSED-END FUNDS
Collective Investment Scheme (CIS)
Code	Authorised /Recognised /Approved	Application Form	Licensing Criteria	Relevant Section of Securities Act 2005	*Registration Fee (Rupees / USD )**	*Fixed Annual Fee (Rupees / USD )**
SEC-3.1A	CIS (Single fund)	PDF Word (doc) Annex to Form (Authority)	PDF	S. 97	Rs.25,000 (USD 1,000)	Rs.90,000 (USD 3,000)
SEC-3.1Bv	CIS (having more than 1 fund)	PDF Word (doc) Annex to Form (Authority)	PDF	S. 97	Rs. 25,000 (USD 1,000) which includes the first fund and Rs. 5,000 (USD 300) for each additional fund	Rs. 90,000 (USD 3,000) which includes the first fund and Rs. 18,000 (USD 600) for each additional fund
SEC-3.1Cv	CIS (Protected Cell Company)	PDF Word (doc) Annex to Form (Authority)	PDF	S. 97	USD 1,000 which includes the first cell and USD 300 for each additional cell	USD 3,000 which includes the first cell and USD 600 for each additional cell

Closed-end fund
Code	Authorised /Recognised /Approved	Application Form	Licensing Criteria	Relevant Section of Securities Act 2005	*Registration Fee (Rupees / USD )**	*Fixed Annual Fee (Rupees / USD )**
SEC-3.2A	Closed-end fund (Single Fund)	PDF Word (doc) Annex to Form (Authority)	PDF	S. 97	Rs.25,000 (USD 1,000)	Rs.90,000 (USD 3,000)
SEC-3.2Bv	Closed-end fund (having more than 1 fund)	PDF Word (doc) Annex to Form (Authority)	PDF	S. 97	Rs.25,000(USD 1,000) which includes the first fund and Rs. 5,000 (USD 300) for each additional fund	Rs. 90,000 (USD 3,000) which includes the first fund and Rs. 18,000 (USD 600) for each additional fund
SEC-3.2Cv	Closed-end fund (Protected Cell Company)	PDF Word (doc) Annex to Form (Authority)	PDF	S. 97	USD 1,000 which includes the first cell and USD 300 for each additional cell	USD 3,000 which includes the first cell and USD 600 for each additional cell

Variable Capital Company (“VCC”) Fund
Code	Authorised /Recognised /Approved	Licensing Criteria	Relevant section of the Variable Capital Companies Act 2022	Processing Fee	Fixed Annual Fee
VCC-1.1	VCC Fund	PDF	7	MUR 45,000 (USD 1000) inclusive of the first sub-fund MUR 22,500 (USD 500) for each additional sub-fund or Special Purpose Vehicle (“SPV”)	MUR 135,000 (USD 3000) inclusive of the first sub-fund; MUR 45,000(USD 1,000) each, for the 2nd to the 5th sub-fund/SPV; and MUR 87,750 (USD 1,950) for each additional sub-fund or SPV An additional annual fees of MUR 225,000 (USD 5000) for each sub-fund which is authorised to operate as a Special Purpose Fund An additional annual fees of MUR 225,000 (USD 5000) for each sub-fund which is authorised to operate as a Real Estate Investment Trust.

Foreign Scheme
Code	Authorised /Recognised /Approved	Application Form	Licensing Criteria	Relevant Section of Securities Act 2005	*Registration Fee (Rupees / USD )**	*Fixed Annual Fee (Rupees / USD )**
SEC-3.3A	Single Fund	-	-	S. 101	USD 1,000	-
SEC-3.3B	Scheme with more than 1 sub-fund	-	-	S. 101
	For the recognition of the 1st to 25th sub-fund	-	-		USD 1,000 for each sub-fund
	For the recognition of the 1st to 25th 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.

CIS FUNCTIONARIES AND PROFESSIONALS
Code	Licence	Application Form	Licensing Criteria	Relevant Section of Securities Act 2005	*Registration Fee (Rupees / USD )**	*Fixed Annual Fee (Rupees / USD )**
SEC-4.1	Custodian	PDF Word (doc) Annex to Form (Authority)	PDF Word (Doc)	S. 100	Rs.25,000 (USD 1,000)	Rs.75,000 (USD 2,500)
SEC-4.2	CIS Manager	PDF Word (doc) Annex to Form (Authority)	PDF	S. 98	Rs.25,000 (USD 1,000)	Rs.75,000 (USD 2,500)
SEC-4.3	CIS Administrator (Approval)	PDF Word (doc) Annex to Form (Authority)	PDF Word (Doc)	S. 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 DEALER
Code	Authorisation	Application Form	Criteria	Relevant Section of Securities Act 2005	Registration Fee (USD)	Fixed Annual Fee (USD)
SEC-6.1	Foreign Investment Dealer (Full Service Dealer including Underwriting)	PDF Word (doc) Annex to Form (Authority)	PDF	S.29(3)	USD 3,000	USD 9,000
SEC-6.2	Foreign Investment Dealer (Full Service Dealer excluding Underwriting)	PDF Word (doc) Annex to Form (Authority)	PDF	S.29(3)	USD 750	USD 2,500
SEC-6.3	Foreign Investment Dealer (Broker)	PDF Word (doc) Annex to Form (Authority)	PDF	S.29(3)	USD 500	USD 2,000
SEC-6.4	Foreign Investment Dealer (Discount Broker)	PDF Word (doc) Annex to Form (Authority)	PDF	S.29(3)	USD 250	USD 1,500
SEC-6.5	Foreign Investment Dealer (Derivatives)	PDF Word (doc) Annex to Form (Authority)	PDF	S.29(3)	USD 500	USD 2,000

INSURERS / REINSURERS
Code	Licence	Application Form	Licensing Criteria	Relevant Enactment	*Registration Fee (Rupees / USD )**	*Fixed Annual Fee (Rupees / USD )**	Variable Annual Fee -payable on quarterly basis + (Rupees / USD *)
INS-1.1	Long-Term Insurance Business	PDF Word (doc) Annex to Form (Authority)	PDF	S. 11	Rs.75,000	Rs.125,000	(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. 11	Rs.75,000	Rs.125,000	(0.35% * Gross Premium )
INS-1.3	External Insurance Business**	PDF Word (doc) Annex to Form (Authority)	PDF	S. 11	USD 1,000	USD 1,900	-
INS-1.4	Professional Reinsurer**	PDF Word (doc) Annex to Form (Authority)	PDF	S.11	Rs.25,000 (USD 1,000)	Rs.57,000 (USD 1,900)	-
* 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.

+ 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.

INSURERS / REINSURERS STRUCTURED AS PROTECTED CELL COMPANIES
Code	Licence	Application Form for Licence	Licensing Criteria	Relevant Enactment	Application Form for Creation of Cell	Processing Fee (USD)	Fixed Annual Fee (USD)	Variable Annual Fee -payable on quarterly basis + (USD)
INS-1.1Av	Long-Term Insurance Business (Protected Cell Company)	PDF Word (doc) Annex to Form (Authority)	PDF	S. 11	PDF Word (doc)	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
INS-1.2Av	General Insurance Business (Protected Cell Company)	PDF Word (doc) Annex to Form (Authority)	PDF	S. 11	PDF Word (doc)	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 )
INS-1.3Av	External Insurance Business (Protected Cell Company)	PDF Word (doc) Annex to Form (Authority)	PDF	S. 11	PDF Word (doc)	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-1.4Av	Professional Reinsurer (Protected Cell Company)	PDF Word (doc) Annex to Form (Authority)	PDF	S.11	PDF Word (doc)	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 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	Application Form	Licensing Criteria	Relevant Enactment	*Registration Fee (Rupees / USD )**	*Fixed Annual Fee (Rupees / USD )**
INS-2.1	Insurance Manager	PDF Word (doc) Annex to Form (Authority)	-	S. 70	USD 1,000	USD 1,900
INS-2.2A	Insurance Agent (Company)	PDF Word (doc) Annex to Form (Authority)	PDF	S. 70	Rs.5,000 (USD 500)	Rs.19,000 (USD 1,200)
INS-2.2B	Insurance Agent (Individual)	PDF Word (doc) Annex to Form (Authority)	PDF	S. 70	Rs.2,500	Rs.7,500
INS-2.3	Insurance Broker	PDF Word (doc) Annex to Form (Authority)	PDF	S. 70	Rs.10,000 (USD 750)	Rs.57,000 (USD 1,900)
INS-2.4	Insurance Salesperson (Registration)	PDF Word (doc) Annex to Form (Authority)	PDF	S. 75	Rs.1,000	Rs.2,500
INS-2.5	Claims Professional (Registration)			S. 78	Rs.25,000	-
INS-2.6	Third-Party Administrator	PDF Word (doc) Annex to Form (Authority)	PDF	S. 78A	Rs.25,000 (USD 1,000)	Rs. 47,500 (USD 1,900)
*The fees set out in USD shall be applicable for a Global Business Licence or a corporation holding a Global Business Licence.

THE TRUST ACT 2001
Code	Approval	Application Form	Licensing Criteria	Relevant Section of Trust Act 2001	Processing Fee Rupees
TAC-1.1	Qualified Trustee (other than a Management Company) - Authorisation	Company
		PDF Word (doc)	PDF	S. 2	Rs.10,000
		Individual
		PDF Word (doc)	PDF	S. 2	Rs.10,000
TAC-1.2	Enforcer (purpose trust created by a Mauritian national only)	Company
		PDF Word (doc)	PDF	S. 19 and S. 21	-
		Individual
		PDF Word (doc)	PDF	S. 19 and S. 21	-
TAC-1.3	Successor to Enforcer (purpose trust created by a Mauritian national only)	Company
		PDF Word (doc)	PDF	S. 19	-
		Individual
		PDF Word (doc)	PDF	S. 19	-

PRIVATE PENSION SCHEMES
Code	Licence	Application Form	Licensing Criteria	Relevant Section of The Private Pension Schemes Act 2012	*Processing Fee (Rupees / USD )**	*Annual Fee (Rupees / USD )**	*Variable Annual Fee (Rupees / USD )**
PPS-1.1	Pension Schemes	Word (doc PDF	PDF	S. 9	Rs.6,000		Rs. 30 per member
PPS-1.2	Foreign Pension Schemes	Word (doc) PDF	PDF	S. 10	USD 200		USD 1 per resident member
PPS-1.3	External Pension Schemes	Word (doc) PDF	PDF	S. 12	USD 200		USD 1 per member
PPS-2.1	Governing body to administer Private Pension Scheme	Word (doc) PDF	PDF	S. 27	Rs 30,000 (USD 1,000)		USD 1 per resident member
PPS-2.2	Long-term insurer to administer Private Pension Scheme	Word (doc) PDF	PDF	S. 27	Rs.30,000 (USD1,000)	Rs.50,000 (USD1,700)	10001-15000 beneficiaries Rs.10,000 (USD 350) 15001-20000 beneficiaries Rs.15,000 (USD 500) > 20000 beneficiaries: Rs.20,000 (USD 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.

PURE CAPTIVE INSURERS
Code	Licence	Application Form	Licensing Criteria	Relevant Section of Insurance Act 2005	*Registration Fee (Rupees / USD )**	*Fixed Annual Fee (Rupees / USD )**
CI-1.1	Pure Captive Insurer	PDF Word (doc) Annex to Form (Authority)	PDF	S. 7	-	USD 2,000
CI-2.1	Captive Insurance Agent	PDF (Company) Word (doc)(Company) PDF (Individual) Word (doc)(Individual) Annex to Form (Authority)	PDF	S. 9	USD 1,000	USD 1,500
* 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.

GLOBAL BUSINESS LICENCE
Code	Licence	Application Form	Licensing Criteria	Relevant Section of FSA 2007	Processing Fee USD	Annual Fee USD
FS-4.1	Category 1 Global Business Licence	Checklist GBC Form B PDF Word (doc) Form C PDF Word (doc)	(Refer to Forms)	S. 72	USD 500	USD 1,950
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
*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.
FS-4.3	Authorised Company	Form A-AC (Application Form for Authorised Companies) PDF Checklist – Authorised Company PDF	(Refer to Application Form)	S. 71A	USD 150	USD 350

FIRST ANNUAL LICENCE FEE
Months in which application is made	GBC/GBC1 USD	Nominee USD	Management Licence USD
July - September	1,950	400	5,000
October - December	1,470	300	3,750
January - March	975	200	2,500
April - June	490	100	1,250