The Financial Services Commission is the financial regulator of Mauritius. The FSC defines itself as the integrated regulator in Mauritius for the financial services sector other than banking, and global business. They were established in 2001 and are mandated under the Financial Services Act 2007 and are responsible to license, regulate, monitor and supervise the conduct of business activities in finance, including securities, insurance and private pension schemes. They have also been quite active lately in the Cryptocurrency and Blockchain space, and this post highlights all the publications by the FSC in this sector.
Based on the long-term vision of the FSC and in the view of establishing Mauritius as the centre for the FinTech ecosystem in the Indian Ocean, the FSC are setting up regulatory frameworks for innovation in financial services.
As part of their communication, they issued two communiques:
The Financial Services Commission (FSC) remains highly supportive of Fintech-related initiatives in Mauritius. In this respect, the FSC is taking a step further today 15th of June 2020 in ensuring more regulatory certainty with the issue of Guidance Notes on the Security Token Trading Systems under section 7(1) (a) of the Financial Services Act 2007. The purpose of the Guidance Notes is to provide for the implementation of a common set of standards for the licensing of Security Token Trading Systems in Mauritius. They issued the following communiques:
As part of their mission to regulate crypto activities, the FSC has set up their regulatory framework for custodian of digital assets services. This is the list of documents that they issued in the past 2 years: