Licensed Activities
The Financial Services (Consolidated Licensing and Fees) Rules 2008 (the Rules) set out the licensing framework that provides for a comprehensive codified list of financial services and financial business activities licensable by the FSC.
The licensing framework provides clear sets of licensing criteria and requirements within a well defined and consolidated framework. Prospective applicants, including service providers, may consult legal provisions, licensing requirements and fees applicable to the particular business they intend to conduct. The FSC considered the level of development of the different sectors under its purview as well as the need to sustain the overall competitiveness of Mauritius as an International Financial Centre, in determining the fee structure.
The Rules also provide for a specific code for each of the licensable financial services and financial business activities.
The Securities section explains that under the Securities Act 2005, the FSC regulates non-bank financial markets in Mauritius, including securities exchanges, investment funds, and intermediaries. It covers rules for trading, disclosures, investor protection, and the supervision of exchanges, clearing and settlement systems.
- Securities Exchanges
- Investment Dealers
- Collective Investment Schemes
The Insurance & Pensions section details regulatory oversight for insurance, reinsurance, private pension schemes, and captive insurance business in Mauritius. It outlines licensing requirements, solvency and governance standards, and legal frameworks (e.g. Insurance Act, Private Pension Schemes Act) to protect policyholders and beneficiaries.
- Insurance Companies
- Insurance Intermediaries
- Private Pensions Administrator
The Global Business & Other NBFI section covers licensing for international financial services and non-banking financial institutions in Mauritius, including global business licences, management companies, asset management, leasing, and payment services, with strict governance and compliance standards.
- Global Business Companies
- Management Companies
- Investment Funds
The Supervisory Framework section outlines how FSC Mauritius monitors, inspects, and enforces compliance among licensed financial institutions. It details oversight mechanisms, risk assessment, supervisory tools, and regulatory standards to ensure stability, transparency, and accountability in the financial sector.
- Risk-Based Supervision
- Compliance & Enforcement
- Market Integrity & Stability