How to obtain a Mauritius FSC licence-Wisdom TechnologyMauritius FSC Financial licence
How to obtain a Mauritius FSC Financial Regulatory license
Introduction of the Mauritius SFC Financial Regulatory license
In recent years, an increasing number of forex trading platforms in the Forex industry have claimed to be regulated by Mauritius, although many of them have been warned that they are unauthorized "fake" trading platforms.
But this phenomenon also shows that the Mauritius foreign exchange regulatory license is increasingly trusted by traders and sought after by foreign exchange trading platforms!
Therefore, the trading platform who want to apply for Mauritius should seize the opportunity, we have rich experience in license application, and always pay attention to the policy changes in various places, keep up with the situation, and are always ready to give the most effective application plan with the highest success rate, to help the trading platform develop the foreign exchange industry faster.
The Mauritius Financial Services Commission (FSC) is an overall regulatory body that regulates the financial services industry outside of banking and global operations. The FSC was established in 2001 under a modern and internationally recognized legal framework, which includes financial services law, securities law, and insurance law. The FSC licenses, regulates, monitors and supervises conduct in the business activities of the financial services industry. The FSC's development goal is "to become an internationally recognized financial controller committed to the sustainable development of a sound and competitive financial services center in Mauritius".
The purpose of the Mauritius FSC
To promote the development, fairness, efficiency and transparency of financial institutions and capital markets in Mauritius; Become internationally recognized
To prevent crime and fraud and to protect members of non-bank financial products in public investment;
Ensure the soundness and stability of the financial system in Mauritius.
The main role of the FSC of Mauritius is to protect the integrity and stability of the non-bank financial services sector and, in so doing, to protect the interests of investors and consumers.
The Committee:
Oversees all participants in the non-bank financial sector, including stock exchanges, custodians and settlement systems, market intermediaries, collective investment schemes, insurance companies, and the global business community. Monitor and supervise them to reduce the risk of non-compliance with laws, regulations and to ensure financial soundness. The Commission will also monitor financial service providers. This includes, arranging, executing, or otherwise facilitating the provision of specialized services to their clients, companies or individuals who trade in financial assets. As a major business activity, these units do not raise funds or extend credit on their accounts.
Specific functions of the Mauritius Commission:
Conduct off-site and licensee compliance site visits.
Handle complaints.
Investigate fraud and fraud and take corrective action.
Set licensing standards and issue licenses.
Licensing investment products and services.
Ensure compliance with expected standards of conduct and law.
Enforce code and guidance.
Application for Mauritius SFC Foreign Exchange Regulatory license
1. Provide two directors, resumes of directors and tax certificates of directors (ID card, passport, degree certificate notarized);
2. No criminal proof (within three months);
3. Bank recommendation letter;
4. Tax identification number and tax jurisdiction;
5. The company needs to hire two people with trading experience to participate in the transaction,
The information to be provided is
1) An up-to-date resume
2) Passport certified copy
3) Authentication address proof
4) Bank reference letter;
6. Provide draft agreements with intended liquidity providers, independent resellers, IT providers and/or trading platform providers. Bank reference letter (within three months; Account retention for two years);
The application period is about 3-5 months.
Mauritius is fast becoming an internationally recognised financial regulator with a strong legal framework to protect the public in relation to non-bank financial products.
With more than 10 years of experience, we work closely with local authorities, law firms and other legal entities to ensure that your company meets regulatory requirements and can obtain official licenses. Whether your goal is to become a market maker, retail financial advisor, interactive broker, or broker, we have a solution for you.