Core Income Generating Activities
The Investment Adviser is one of the three classes of Market Intermediaries created by the Securities Act 2005 and regulated by the Securities (Licensing) Rules 2007.
The said Act provides for an Investment Adviser (Restricted) License which authorizes to:
Enhanced Substance Requirements
Licensing conditions include, inter alia, carrying out of its core income generating activities at all times in, or from, Mauritius by:
Minimum Unimpaired Capital
There is a requirement as per the Securities (Licensing) Rules 2007 to maintain a minimum stated unimpaired capital of MUR 500,000 (equivalent to approx. USD 12,500).
The licensee shall inform the FSC immediately where its minimum stated unimpaired capital falls below the minimum required.
Regulatory Fees