The Financial Services Commission, Mauritius (FSC) is the integrated regulator for the financial services sector other than banking, and global business. The FSC was established in 2001 and operates within a modern and internationally recognised legal framework which includes the Financial Services Act, the Securities Act and the Insurance Act. The FSC licenses, regulates, monitors and supervises the conduct of business activities in the non-banking financial services sector.
One of FSC's key objectives is to align its policies and practices with international best practices of standard setters for better regulation and supervision of the non-banking financial services sector. Through its membership with international organisations, the FSC adheres to norms and standards in order to preserve the good repute of Mauritius in the financial services sector..
- Ensure adherence to international norms and best practices;
- Promote cooperation with both local and foreign regulators for effective supervision and exchange of information;
- Reinforce capacity building through cooperation and mutual assistance; and
- Combat Money Laundering, Terrorism Financing and tax fraud.
- International Organisation for Securities Commissions (IOSCO)
- International Organisation of Pension Supervisors (IOPS)
- International Association of Insurance Supervisors (IAIS)
- Islamic Financial Services Board (IFSB)
- Financial Stability Board's Regional Consultative Group
- Southern Africa Development Community - Committee for insurance, Securities and Non-Bank Financial Authorities