The Robotic and Artificial Intelligence Enabled Advisory Services license.
The Government of Mauritius has introduced the Robotic and Artificial Intelligence Enable Advisory Services Licence (the “Licence”) to encourage organisations in Mauritius to put in place emerging technologies. On the 12th June 2021, the Financial Services Commission (the “FSC”) has issued the Financial Services (Robotic and Artificial Intelligence Enabled Advisory Services) Rules 2021 (the “Rules”).
As per the rules, the holder of the said licence will be entitled to provide digital and personalized advisory services (including discretionary and non-discretionary investment and portfolio management services) through a computer program and/or artificial intelligence enabled algorithms with limited human intervention.
For more information on the Robotic and Artificial Intelligence Enabled Advisory Services licence, we invite you to contact your Relationship Manager at MITCO Group or the Business Development Team on firstname.lastname@example.org