August 27, 2020

The Enforcement Manual issued by the Mauritius Financial Services Commission

Due to the constant global financial threats, many regulators are implementing enforcement programmes. The Mauritius Financial Services Commission (the “FSC”) has issued, on the 12th June 2020, an Enforcement Manual (EM) which provides an overview of its approach to enforcement and the exercise of its enforcement powers conferred upon it. This initiative will promote transparency, certainty and consistency in fostering the rule-of-law principles of the FSC’s enforcement actions.

 

The FSC enforcement approach has three broad objectives: -

 

  • early detection of misconduct and breaches of law;
  • the reduction of systemic risk through effective deterrence; and
  • the protection of consumers.

 

If you require additional information on the Enforcement Manual, please feel free to contact your relationship manager or the business development team on bd@mitcoworld.com or call them on + 230 404 8000



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