Codified List | Financial Services Commission

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. 30,000 (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.18,000 (USD 600) 251-500 Cos: Rs.27,000 (USD 900) > 500 Cos: Rs.36,000 (USD 1200)
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-1.14	Custodian services (digital asset)				Rs 175,000 USD 5,000	Rs 350,000 USD 10,000	-
FS-1.15	Single Family Office	PDF Word (doc) Annex to Form (Authority)	PDF	S. 14	Rs. 105,000 USD 2,500	Rs. 201,000 USD 5,000	-
FS-1.16	Multiple Family Office	PDF Word (doc) Annex to Form (Authority)	PDF	S. 14	Rs. 201,000 USD 5,000	Rs. 402,000 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.

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 (Rupees / USD )**	*Fixed Annual Fee (Rupees / USD )**	*Variable Annual Fee (Rupees / 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.


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.

4. Authorised Company Where a licensee acts as registered agent for –
(i) one to 50**** authorised companies							0
(ii) 51 to 250**** authorised companies;							USD 4,000
(iii) 251 to 500**** authorised companies							USD 5,000
(iv) more than 500**** authorised companies							USD 6,000
**** The number of Authorised Companies for which the licensee acted as registered agent, on 31st December of the year preceding the financial year for which fees are being paid.
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 (Rupees / USD )**	*Fixed Annual Fee (Rupees / USD )**	*Variable Annual Fee (Rupees / USD )**
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 (Rupees/USD)**	*Fixed Annual Fee (Rupees/USD)**	*Variable Annual Fee (Rupees/USD)**
FS-6.1	Investment Banking Licence	PDF Word (doc) Annex to Form (Authority)	PDF	S. 79A	Rs 100,000	Rs 500,000	-
FS-7.1	Global Shared Services	Annex to Form (Authority)	PDF	S.77 C	USD 1,000	USD 2,500

PROVIDERS OF MARKET INFRASTRUCTURE

Code	Licence	Application Form	Licensing Criteria	Relevant Section of Securities Act 2005	*Processing Fee (Rupees / USD )**	*Fixed Annual Fee (Rupees / USD )**	*Variable Annual Fee (Rupees / USD )**
SEC-1.1	Securities Exchange	PDF Word (doc) Annex to Form (Authority)	PDF	S. 9	Rs.250,000	Minimum of 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 of 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	Minimum of Rs.500,000	To be determined by the Commission

REPORTING ISSUER

Code	Licence	Application Form	Licensing Criteria	Relevant Enactment	*Processing Fee (Rupees / USD )**	*Fixed Annual Fee (Rupees / USD )**	*Variable Annual Fee (Rupees / USD )**
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 )**	*Variable Annual Fee (Rupees / USD )**
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)	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-2.1C	Investment Dealer (Derivatives)	-	-	S. 29	Rs. 30,000 (USD 1,000)	Rs.90,000 (USD 3,000)	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-2.6Cv	Representative of Investment Dealer (Derivatives)	Same form as SEC-2.6A		S. 29	RS 30,000 USD 1,000	RS 90,000 USD 3,000	-
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)	-
SEC-2.6Cv	Representative of Investment Dealer (Derivatives)	Same form as SEC-2.6A	-	S. 29	RS 30,000 USD 1,000	RS 90,000 USD 3,000
SEC-3.0	Investment Dealer (Government of Mauritius Securities and Bank of Mauritius Securities Segment)	-	-	S. 29	Rs.2,500	Rs.20,000	-
* 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) An additional annual fees of Rs200,000 (USD5000) for an authorization to operate as a Special Purpose Fund An additional annual fees of Rs 200,000 (USD5000) in case of an authorisation to operate as a REIT
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 An additional annual fees of Rs 200,000 (USD5000) for an authorizaton to operate as a Special Purpose Fund An additional annual fees of Rs 200,000 (USD5000) in case of an authorisation to operate as a REIT
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 An additional annual fees of Rs200,000 (USD5000) for an authorization to operate as a Special Purpose Fund An additional annual fees of Rs 200,000 (USD5000) in case of an authorisation to operate as a REIT"
SEC-3.1Dv	CIS (Multiclass)				USD 400	USD 800

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) An additional annual fees of Rs200,000 (USD5000) for an authorization to operate as a special Purpose Fund An additional annual fees of Rs 200,000 (USD5000) in case of an authorisation to operate as a REIT"
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 An Additional annual fees of Rs 200,000 (USD5000) for an authorization to operate as a Special Purpose Fund An additional annual fees of Rs 200,000 (USD5000) in case of an authorisation to operate as a REIT
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 An additional annual fees of Rs200,000 (USD5000) for an authorization to operate as a Special Purpose Fund An additional annual fees of Rs 200,000 (USD5000) in case of an authorisation to operate as a REIT"
SEC-3.2Dv	Closed-end fund (Multiclass)				USD 400	USD 800

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 26th to 50th 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	*Processing Fee (Rupees / USD )**	*Fixed Annual Fee (Rupees / USD )**	Other fees
SEC-6.1	Foreign Investment Dealer (Full Service Dealer including Underwriting)	PDF Word (doc)	PDF	S.29(3)	USD 3,000	USD 9,000	Brokerage Fees payable under the Stock Exchange
SEC-6.2	Foreign Investment Dealer (Full Service Dealer excluding Underwriting)	PDF Word (doc)	PDF	S.29(3)	USD 750	USD 2,500	(Brokerage) Regulations 1989 or any other enactment, as may be applicable.
SEC-6.3	Foreign Investment Dealer (Broker)	PDF Word (doc)	PDF	S.29(3)	USD 500	USD 2,000	(Brokerage) Regulations 1989 or any other enactment, as may be applicable.
SEC-6.4	Foreign Investment Dealer (Discount Broker)	PDF Word (doc)	PDF	S.29(3)	USD 250	USD 1,500	(Brokerage) Regulations 1989 or any other enactment, as may be applicable.
SEC-6.5	Foreign Investment Dealer (Derivatives)	PDF Word (doc)	PDF	S.29(3)	USD 1,000	USD 3,000

Remote Custodians participating on a clearing and settlement facility licensed under the Securities Act 2005

Code	Recognition	Relevant Section of Securities Act	Processing fee (USD)	Fixed Annual Fee (USD)
SEC-7.1	Remote custodian	S 155(2)(xc)	USD 1,000	USD 1,900

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) For Structured InvestmentLinked Insurance Business: (0.35%* Gross Premium from policies issued to a maximum of USD 10,000)
INS-1.1Av	Long-Term Insurance Business (Protected Cell Company)	PDF Word (doc) Annex to Form (Authority) Authority	PDF	S. 11	USD 2,500 for the first cell, and USD 750 for every additional cell	USD 3,800 for first cell , and USD 750 for every additional cell	(0.35%* Gross Premium from policies issued) For Structured InvestmentLinked Insurance Business: (0.35%* Gross Premium from policies issued to a maximum of USD 10,000)
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-1.2Av	General Insurance Business (Protected Cell Company)	PDF Word (doc) Annex to Form (Authority) Authority	PDF	S. 11	USD 2,500 for the first cell and USD 750 for every additional cell	USD 2,500 for the first cell and USD 750 for every additional cell	(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-1.3Av	External Insurance Business (Protected Cell Company)	PDF Word (doc) Annex to Form (Authority) Authority	PDF	S. 11	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-1.4	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)	-
INS-1.4Av	Professional Reinsurer (Protected Cell Company)	PDF Word (doc) Annex to Form (Authority) Authority	PDF	S.11	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 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.

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 Additional fees for Lloyd's Coverholder USD 500	USD 1,900 Additional fees for Lloyd's Coverholder USD 1,200
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 / USD )**
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-1.3Cv	External Pension Scheme (protected cell company)			S. 12	USD 1,000 for the first cell, and USD 300 for every additionaL cell		USD 100 per member
PPS-2.1	Governing body to administer Private Pension Scheme	Authority		S. 27	Rs 30,000 (USD 1,000)		USD 1 per resident member
PPS-2.2	Long-term insurer to administer Private Pension Scheme	Authority		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.

CAPTIVE INSURANCE BUSINESS

Code	Licence	Application Form	Licensing Criteria	Relevant Section of Insurance Act 2005	*Processing Fee (Rupees / USD )**	*Fixed Annual Fee (Rupees / USD )**
CI-1.1A	Captive Insurance Business	On FSCOne Platform 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.

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)	-

Variable Capital Company (“VCC”) Fund

Code

Authorised /Recognised /Approved

Licensing Criteria

Relevant section of the Variable Capital Companies Act

Processing Fee (Rupees / USD *)

Fixed Annual Fee (Rupees / USD*)

VCC-1.1

VCC Fund

PDF

S. 11

Rs. 45,000 (USD 1000) inclusive of the first subfund; and Rs 22,500 (USD 500) for each additional sub-fund or SPV

"Rs. 135,000 (USD 3000) inclusive of the first sub-fund ;

Rs 45,000 (USD 1,000) each, for the 2nd to the 5th subfund/SPV; and Rs 87,750 (USD 1,950) For each additional subfund or SPV

An additional annual fees of Rs 225,000 (USD 5000) for each sub-fund which is authorised to operate as a Special Purpose Fund

An additional annual fees of Rs 225,000 (USD5000) for each sub-fund which is authorised to operate as a REIT"

GLOBAL BUSINESS LICENCE

Code	Licence	Application Form	Licensing Criteria	Relevant Section of FSA 2007	*Processing Fee (Rupees / USD )**	*Fixed Annual Fee (Rupees / 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	Authorised Company USD
July - September	1,950	400	5,000	350
October - December	1,470	300	3,750	265
January - March	975	200	2,500	175
April - June	490	100	1,250	90