Financial Services Commission Mauritius Financial Services Commission Mauritius - Newsletter
        01 November 2012
FSC Newsletter

Distinguished Readers,

Welcome to the first edition of the FSC Newsletter. We are proud to launch it on this 1st of November, as this day marks the coming into force of the Private Pension Scheme Act, an important legislation for the FSC, as well as a means for employees to secure income for their retirement.

This Newsletter will be a monthly feature geared towards providing you with the latest regulatory news and updates relating to financial services under the purview of FSC.

We welcome your feedbacks and wish you a pleasant reading.                                           

  Clairette Ah-Hen
                                                Chief Executive



CISNA: Regional Cooperation Intensified

The 29th bi-annual Meeting of CISNA, sub-committee of the SADC, was held in Mauritius from 02 to 05 October 2012. The event was hosted by the FSC which holds the Vice Chairmanship of the Committee until 2013.


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Recommended Readings

The Private Pension Schemes Act comes into force

The proclamation of the Private Pension Schemes Act (‘PPSA’) today, 1st of November 2012, is a landmark for the sector. As from now on, the private pension industry is regulated and supervised by the Financial Services Commission (‘FSC’) under the PPSA which provides a comprehensive and modern regulatory and supervisory framework for the operation of private pension schemes in Mauritius.

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1. Global Systemically Important Insurers: Proposed Policy Measures, October 2012

International Association of Insurance Supervisors


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2. The Bank of England, Prudential Regulation Authority The PRA’s Approach to Insurance Supervision, October 2012

FSC reaches out to the public

The FSC will launch a Consumer Education Roadshow as from 4 November this year. The campaign will be a platform for the FSC to reach out to existing and potential consumers of financial services and products. The Roadshow will be held in different regions of Mauritius, and Rodrigues.

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Joint Report between Bank of England and the Financial Services Authority

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3. IOSCO Survey on Implementation of the Principles for the Regulation and Supervision of Commodity Derivatives Markets

Risk Based Supervision Exercise

The Risk Based Supervision (‘RBS’) exercise reached its fourth cycle since its implementation in 2008. The RBS cycle conducted by the Investment Funds Intermediaries team this year covered domestic funds and intermediaries consisting of twenty-one CIS Managers, six CIS Custodians and three CIS Administrators.

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The IOSCO published its final report which reviews how Market Authorities comply with recommendations on commodity derivatives markets

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FSC House, 54, Cybercity, Ebène, Mauritius
Tel: 403 7000 Fax: 467 7172
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