The Financial Services Commission issues the Financial Services (Robotic and Artificial Intelligence Enabled Advisory Services) Rules 2021

The Financial Services Commission, Mauritius (the “FSC”) has issued on the 18 June 2021 a communiqué on the introduction of the Financial Services (Robotic and Artificial Intelligence Enabled Advisory Services) Rules 2021 (the “Rules”).

 

The rules are in line with the objectives of providing a conducive regulatory framework and promoting the adoption of new and emerging technologies by licensed service providers in Mauritius.

 

The holder of a Robotic and Artificial Intelligence Enabled Advisory Services licence will, pursuant to these Rules, be entitled to provide advisory services through expert systems and/or computer programs using artificial intelligence enabled algorithms, with limited human intervention.

 

For more information on the Communiqué of the FSC, we invite you to click on the link.