Codified List

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-1.21 Spot Commodity Broker On FSCOne platform PDF S. 14 USD 1,000** USD 2,000**  
 **For applicant not applying for a Global Business Licence or corporation not holding a Global Business Licence, the corresponding fee in Rupees (Rs.) shall be calculated based on the Indicative Exchange Rate as computed by the Bank of Mauritius as at date of payment.
FS-1.22 Spot Commodity Broker’s Representative On FSCOne platform PDF S. 14 USD 500** USD 1000**  
**For applicant not applying for a Global Business Licence or corporation not holding a Global Business Licence, the corresponding fee in Rupees (Rs.) shall be calculated based on the Indicative Exchange Rate as computed by the Bank of Mauritius as at date of payment.
FS-1.23 Spot Commodity Clearing House On FSCOne platform PDF S. 14 USD 5,500** USD 11,000**  
**For applicant not applying for a Global Business Licence or corporation not holding a Global Business Licence, the corresponding fee in Rupees (Rs.) shall be calculated based on the Indicative Exchange Rate as computed by the Bank of Mauritius as at date of payment.
FS-1.24 Spot Commodity Market On FSCOne platform PDF S. 14 USD 5,500** USD 11,000**  
**For applicant not applying for a Global Business Licence or corporation not holding a Global Business Licence, the corresponding fee in Rupees (Rs.) shall be calculated based on the Indicative Exchange Rate as computed by the Bank of Mauritius as at date of payment.
FS-1.25 Spot Commodity Trading Adviser On FSCOne platform PDF S. 14 USD 1,000** USD 2,000**  
**For applicant not applying for a Global Business Licence or corporation not holding a Global Business Licence, the corresponding fee in Rupees (Rs.) shall be calculated based on the Indicative Exchange Rate as computed by the Bank of Mauritius as at date of payment.
FS-1.26

Spot Commodity Trading Adviser’s

Representative		 On FSCOne platform PDF S. 14 USD 500** USD 1000**  
**For applicant not applying for a Global Business Licence or corporation not holding a Global Business Licence, the corresponding fee in Rupees (Rs.) shall be calculated based on the Indicative Exchange Rate as computed by the Bank of Mauritius as at date of payment.
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)

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)

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)

Authority

 PDF S. 11 USD 1,000 USD 1,900 -
INS-1.4 Professional Reinsurer**

PDF
Word (doc)

Annex to Form (Authority)
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)

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)

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)

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)

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)

Authority

 - S. 70 USD 1,000 USD 1,900
INS-2.2A Insurance Agent (Company)

PDF
Word (doc)
Annex to Form (Authority)

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)

Authority

 PDF S. 70 Rs.2,500 Rs.7,500
INS-2.3 Insurance Broker

PDF
Word (doc)
Annex to Form (Authority)

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)

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)

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

Authority

 PDF S. 9 Rs.6,000   Rs. 30 per member
PPS-1.2 Foreign Pension Schemes

Word (doc)
PDF

Authority

 PDF S. 10 USD 200   USD 1 per resident member
PPS-1.3 External Pension Schemes

Word (doc)
PDF

Authority

 PDF S. 12 USD 200   USD 1 per member
PPS-2.1 Governing body to administer Private Pension Scheme

Word (doc)
PDF

Authority

 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

Authority

 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)

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)

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