Financial Services Commission Mauritius
(FSC Mauritius)Regulatory Snapshot
The Financial Services Commission of Mauritius is the integrated regulator for non-banking financial services and global business sectors in Mauritius. Established in 2001, the FSC licenses, regulates, and supervises the conduct of business activities in these sectors, contributing to Mauritius's position as a financial services hub for the Africa and India regions.
About FSC Mauritius
The Financial Services Commission (FSC) of Mauritius is the integrated regulator for the non-banking financial services sector and global business in Mauritius. Since its establishment in 2001, the FSC has been responsible for licensing, regulating, monitoring, and supervising the conduct of business activities in the financial services sector outside of banking and insurance.
Regulatory Framework
The FSC Mauritius licences investment dealers, investment advisers, and other financial service providers. While the regulatory framework provides a structured licensing process, the level of oversight and investor protection is generally considered less comprehensive than that of Tier 1 and Tier 2 regulators. Firms benefit from Mauritius's extensive network of double taxation treaties and its strategic position bridging African and Asian markets.
- Basic licensing framework with ongoing compliance requirements
- Financial reporting and audit obligations
- Anti-money laundering and compliance standards
Mauritius serves as a financial gateway between Africa and Asia with extensive treaty networks.
Related Regulators
FSCA
ATier 2Financial Sector Conduct Authority
The Financial Sector Conduct Authority is South Africa's dedicated market conduct regulator for financial institutions. Established in 2018 as a successor to the Financial Services Board (FSB), the FSCA is tasked with protecting financial customers by ensuring fair treatment, honest practices, and responsible behaviour by financial services providers.
CMA
ATier 2Capital Markets Authority
The Capital Markets Authority of Kenya is a statutory agency responsible for supervising, licensing, and monitoring the activities of market intermediaries and all other persons licensed under the Capital Markets Act. Established in 1989, the CMA has been instrumental in developing Kenya's capital markets infrastructure.
Seychelles FSA
COffshoreSeychelles Financial Services Authority
The Seychelles Financial Services Authority is the financial regulatory authority of the Republic of Seychelles, established in 2013. The FSA regulates non-banking financial services including securities, insurance, and fiduciary services. Its relatively accessible licensing process and lower capital requirements have made Seychelles a popular jurisdiction for offshore forex brokers.
MISA
COffshoreMwali International Services Authority
The Mwali International Services Authority is the regulatory body for international financial services on the island of Mohéli (Mwali) in the Comoros archipelago. MISA provides licensing for international business companies, including some financial service providers. The level of regulatory oversight is minimal, and this jurisdiction is generally considered one of the least regulated options available.
BoG
BTier 3Bank of Ghana
The Bank of Ghana is the central bank and primary financial regulator of the Republic of Ghana. Established in 1957, the BoG is responsible for monetary policy, banking supervision, and the regulation of foreign exchange activities. It oversees all banks, specialised deposit-taking institutions, and forex bureaux operating within the country.
AOFA
COffshoreAnjouan Offshore Finance Authority
The Anjouan Offshore Finance Authority is the licensing body for international financial services on the island of Anjouan (Nzwani) in the Union of Comoros. AOFA provides offshore licences for forex brokers, international business companies, and other financial service providers. The jurisdiction is known for its very low barriers to entry and minimal ongoing regulatory requirements.