Established in 2001, the Financial Services Commission, Mauritius ('FSC') is the integrated regulator for the non-bank financial services sector and global business and is mandated to license, regulate, and supervise the conduct of business activities in the non-bank financial services sector and global business.
Our vision is to be an internationally recognised financial supervisor committed to the sustained development of Mauritius as a sound and competitive financial services centre.
The FSC aims to:
Feb. 4, 2024
Mauritius emerges as a leading financial services hub in Africa, showcasing an attractive blend of benefits. Located at the crossroads of three major trade areas between Asia, Europe and Africa, Mauritius offers a conducive regulatory environment, fostering a range of financial services such as banking, cross-border investment, insurance, wealth and asset management. With a strong emphasis on regulatory compliance and international best practices, Mauritius ensures investor confidence and credibility. Moreover, its skilled bilingual workforce, political stability, and a network of Investment Promotion and Protection Agreements make it an ideal destination for financial institutions seeking growth and expansion. The country's scenic beauty and high quality of life further make Mauritius an appealing destination for both business and living.
April 20, 2024
The new Rules aim to support the creation of a new and dynamic ecosystem for spot commodity trading, clearing and intermediation within Mauritius with the new following financial business activities: (a) spot commodity market; (b) spot commodity clearing house; (c) spot commodity broker; (d) spot commodity broker’s representative; (e) spot commodity trading adviser; and (f) spot commodity trading adviser’s representative The new regulatory framework for spot commodity market and its intermediaries, overseen by the FSC, provides salient features such as a fast-track application process for existing licensees, a Spot Commodity Market may inter-alia be operated through an electronic system, and operators may engage in environmentally-linked financial instruments.
July 3, 2024
The banking system in Mauritius is robust, well regulated and plays a pivotal role in the country's economic growth and stability. With strong focus on adherence to international standards, Mauritius positions itself as a reputable financial hub compliant with all the 40 FATF recommendations and attracting global investors through its sound banking system. The vibrant banking industry is home to a diverse set of banking business models, serving both the domestic as well as regional economies. The sector remains competitive on a global scale, with prominent emphasis on digitalisation and innovation. The dynamic regulatory environment enables banks to respond to global market developments and offer competitive products and services. Mauritius at the forefront of the digital banking era: The banking sector in Mauritius has firmly embraced digitalisation, providing wide-ranging financial services through digital banking to domestic as well as cross-border customers. The enabling and evolvi
Aug. 2, 2024
Mauritius is committed to becoming a sustainable investment hub and has launched various initiatives to develop its potential. The introduction of a framework for the issuance of green and blue bonds and the publication of a guide on Sustainable Bonds have enhanced the Sustainable Finance ecosystem in Mauritius. The African Peer Review Mechanism of the African Union is establishing the first ever Africa Rating System in Mauritius. This rating system includes a significant ESG component and will, thus, enable an Africa–centric assessment of investment projects. These initiatives pave the way for Mauritius to become one of the front runners in Africa on sustainable finance.
Sept. 4, 2024
The Mauritius International Financial Centre offers an attractive framework for Payment Intermediary Services (PIS), regulated by the Financial Services Commission, Mauritius. Leveraging Mauritius’ strong regulatory environment and reputation, the PIS licence empowers businesses to establish payment gateways for global online payment processing. PIS licensees can provide a range of services, including payment initiation, acquiring payment transactions, execution of payment transactions and money remittance, exclusively outside Mauritius. There are currently 29 PIS Licence holders operating from Mauritius. Mauritius has recently announced the extension of the Partial Tax Exemption Regime to holders of the PIS licence, provided they meet the substance requirements. As such, in respect of the year of assessment commencing on 1 July 2025 and every subsequent year of assessment, a PIS licence holder will be able to avail itself of a tax exemption of 80% on its income, hence benefiting from
Nov. 15, 2023
The Regional Centre of Excellence (“RCE”) of the …
July 31, 2024
Background: On 15 April 2022, Mauritius introduced the …
April 18, 2023
Mauritius, as an international financial centre and growing …
June 22, 2023
Background: Mauritius offers an attractive and stable environment …
Sept. 30, 2024
Background: Wealth management refers to the provision of …