Mauritius’ Financial Institutions Face Stringent Regulatory Requirements

The Financial Services Commission (FSC) in Mauritius has established itself as a robust regulator of non-bank financial markets, encompassing:

• Securities Exchanges
• Clearing and settlement facilities
• Securities trading systems
• Collective Investment Schemes
• Intermediaries

Compliance with Regulatory Requirements

According to the Securities Act 2005, the FSC is responsible for ensuring compliance with regulatory requirements in these sectors. The FSC adheres to international norms and principles to ensure effective regulation and supervision.

Insurance and Pension Industries

The insurance and pension industries are crucial components of Mauritius’ economy, playing a vital role in risk management and protection for businesses and individuals. These sectors fall under the purview of:

• Insurance Act
• Private Pension Schemes Act

The FSC oversees these sectors to ensure that they operate in compliance with regulatory requirements.

Mauritius as an Attractive Global Financial Centre

Mauritius has established itself as an attractive global financial centre, thanks to its sound regulatory practices, adherence to international standards, and business-friendly environment. The FSC oversees Global Business Licensees, which also includes Global Funds, ensuring that these entities operate in compliance with regulatory requirements.

Ongoing Efforts for Effective Regulation

To stay ahead of the curve and address emerging challenges, the FSC regularly updates its supervisory framework to:

• Promote robust regulation
• Safeguard public interest
• Foster investor confidence
• Protect consumers
• Enhance enforcement

This commitment to effective regulation has earned Mauritius a reputation as a jurisdiction of substance, attracting international investors and businesses seeking a reliable and stable financial environment.