Types of Licence Issued In Mauritius by the Financial Services Commission.

Prior to licensing any Non-Banking Financial Institution, the FSC ensures that the applicant meets the "fit and proper" criteria and fulfils certain prudential requirements and conditions of operations.  Applicants are required to apply rules of corporate governance and adopt clear measures to prevent conflict of interest and to prevent financial crimes and money laundering.

The FSC ensures inter aliathat applicants have in place the necessary compliance functions, appropriate internal control measures and continuous internal audit and monitoring system as well as adequate resources in terms of qualified personnel and equipment.

 

The below list can give you an idea of all the type of licence issued:

• Assets Management

• Credit Finance

• Custodian Services (non-CIS)

• Distribution of Financial Products

• Factoring

• Leasing

• Pension Scheme Administrator

• Registrar and Transfer Agent

• Treasury Management

• Credit Rating Agencies/Rating Agencies

• Global headquarters administration

• Global treasury activities

• Representative Office (for financial  services provided by a person established in a foreign jurisdiction)

• Actuarial services

• Payment intermediary services