Financial Services Commission

The Financial Services Commission (FSC) is the apex body responsible for licensing, regulating, monitoring and supervising all non-banking financial activities. The FSC was set up by Act of Parliament under the Financial Services Development Act 2001. The FSC has strong and effective powers of inspection under Part IV of the FSD Act 2001, and it may give directions, issue roles, guidelines or code for the proper conduct of business for non-bank financial activities, such as asset management, pensions schemes and pension management.

In carrying out its functions, the Commission is guided by its four main statutory objectives:
 

• Safety and stability of the market;
• Integrity of the market;
• Fair treatment of investors and consumers;
• The protection of the reputation of Mauritius as a financial services centre by repressing crimes and dishonourable conduct.

For further information, please contact:
 

The Chief Executive

Financial Services Commission
FSC House, 54 Cybercity, Ebene, Republic of Mauritius
Tel: (230) 403 7000
Fax: (230) 467 7172
E-mail: fscmauritius@intnet.mu
Website: www.fscmauritius.org

Mauritius Anti-Money Laundering guidance notes and many other useful documents are available on the website of the Mauritius Financial Services Commission: www.fscmauritius.org

Bank of Mauritius

The Bank of Mauritius regulates and supervises banking institutions and non-bank deposit taking financial institutions under the provisions of the Banking Act 2004 and the Bank of Mauritius Act 2004. Money changers and foreign exchange dealers also fall under the purview of the Bank of Mauritius.

The regulatory and supervisory functions exercised by the Bank include:
 

• The processing of applications for banking licences as well as authorizations for non-bank deposit-taking activity, money changers and foreign exchange dealers;
• Issuing of prudential regulations to be observed by authorized institutions; and
• Carrying out on-site inspection and off-site surveillance of such institutions.
   

In line with best international practice, the Bank is committed to the implementation of the 25 Core Principles for Effective Banking Supervision set by the Basel Committee on Banking Supervision (BCBS). The Core Principles provide an internationally agreed framework for effective banking supervision. Furthermore, the Bank of Mauritius forms part of the Offshore Group of Banking Supervisors and the Eastern and Southern Africa Banking Supervisors Group.
 

For further information, please contact:

The Governor

Bank of Mauritius
Sir William Newton Street
Port Louis
Tel: (230) 208 4164
Fax: (230) 208 9204
E-mail: bomrd@bow.intnet.mu
Website: http://bom.intnet.mu