Financial Services Commission

Introduction to the Financial Services Commission (FSC), Mauritius

The Financial Services Commission (FSC), Mauritius, serves as the integrated regulatory authority overseeing the non-bank financial services sector and global business operations within the country. Established in 2001, the FSC operates under the Financial Services Act 2007, alongside enabling legislation such as the Securities Act 2005, the Insurance Act 2005, and the Private Pension Schemes Act 2012.

Mandate and Responsibilities

The FSC's primary mandate is to:

• License entities operating in the financial services and global business sectors.
• Regulate the activities of licensed operators to ensure compliance with legal and ethical standards.
• Monitor business activities to promote transparency and accountability.
• Supervise operations to maintain the integrity and stability of Mauritius’s financial system.

Scope of Regulation

The FSC oversees a wide range of activities, including:

1. Securities and Capital Markets
2. Insurance and Reinsurance Services
3. Private Pension Schemes
4. Global Business Operations

Commitment to Excellence

As a key player in fostering the growth of Mauritius as a reputable international financial center, the FSC is committed to:

• Protecting the interests of stakeholders, including investors and policyholders.
• Promoting a dynamic and innovative financial sector.
• Ensuring adherence to international best practices and regulatory frameworks.

By maintaining a robust regulatory framework, the FSC plays a pivotal role in positioning Mauritius as a trusted and competitive hub for global financial services.

This version is concise, clear, and professional, providing an engaging overview of the FSC’s role and functions.