All entities providing non-banking financial services in Mauritius must be licensed/ authorised /registered or approved by the Financial Services Commission, Mauritius (the ‘FSC Mauritius’).
The Financial Services Commission, Mauritius (FSC Mauritius) published a public notice on the 10th of September 2018 alerting investors not to invest in entities providing non-banking financial services that is not licensed/authorised/registered or approved by the FSC Mauritius.
In the public notice, the FSC Mauritius urges the Public/Stakeholders to exercise necessary caution prior to undertaking any financial services or financial business activities, and to deal only with persons/entities which are duly regulated by the FSC Mauritius under the relevant Acts. The FSC Mauritius cautions the Public/Stakeholders that there are numerous risks associated in dealing with unregulated entities. These may include losing money invested through fraudulent means.
All relevant entities wishing to engage or engaged in financial services shall apply for the appropriate licence(s)/authorisation/registration or approval for the conduct of their respective businesses.
The Public/Stakeholders are invited to consult the Register of Licensees available on the FSC Mauritius website through the link, https://www.fscmauritius.org/en/beingsupervised/register-of-licensees before dealing with any entity. They may also wish to check for any investor alerts or any communiqués posted on FSC Mauritius website. FSC/CM/10I2018/1 Stakeholders and the Public are also invited to contact the FSC Mauritius at email@example.com or on + 230 403 7000, should they hold any material information/evidence that any person/entity may be infringing the relevant provisions of the FSA. All communication with the FSC Mauritius will be treated as strictly confidential.
Please click HERE to read the original public notice.