Financial Services Commission, Mauritius (FSC): Overview and How to Search
Financial Services Commission, Mauritius (FSC)
1. What is the FSC?
The Mauritius FSC regulates non-bank financial services and the global business sector in Mauritius, licensing and supervising entities within its statutory remit. Banking supervision is handled by the Bank of Mauritius and other relevant authorities; verify the regulator according to the type of business.
2. Key responsibilities
- Licensing and supervising financial services entities and market participants within its remit.
- Monitoring licensed entities’ compliance with laws and licence conditions.
- Maintaining order in the financial services industry and publishing regulatory announcements and public notices.
3. How to check a licensed entity
Licensed entity register: FSC Register of Licensees
- Search by the institution’s legal name or licence details and verify its status and licence category.
- Review permitted activities, restrictions and regulatory notices.
- Independently verify the other party’s identity using the website and contact details in the register.
4. Important points
A company’s place of incorporation, licence category and actual scope of services are distinct matters. A licence record does not guarantee investment returns or the safety of principal.
5. Official information
Mauritius FSC website: https://www.fscmauritius.org/
Refer to the latest information in the official register.
6. Reading the Mauritius licensed-entity register
When searching, first determine whether the service falls within the FSC’s non-bank financial remit or within the responsibility of another authority, such as the Bank of Mauritius. The Register of Licensees lists entities by sector, and categories such as investment dealer, fund, manager, insurance and corporate services have different regulatory meanings. In each record, verify the legal name, licence category, current status, permitted activities and restrictions. Do not rely only on a name in the search results.
For cross-border online platforms, also check that the entity in the account agreement, the licensed company and the payment recipient are the same. If a brand claims that a Mauritius company in its group holds a licence, confirm that this entity actually provides the service you are buying; an affiliate’s licence cannot be transferred to the whole brand. Keep the search date and register details. If the record conflicts with what a salesperson says, make an independent enquiry through the FSC website. A register entry does not mean the FSC has assessed a product as suitable for investment, nor does it guarantee principal or returns.
Checking licensed entities item by item
When conducting a search, first identify the FSC regulatory sector relevant to the business, then consult the corresponding register. Do not substitute a general company search for the licensed-entity register, or confuse fund registration with a manager’s or broker’s licence. For each record, check the company’s legal name, licence category, status, approved business, restrictions and public notices. If a platform claims to offer a particular trading service, make sure the permission for that activity is supported by its licence scope.
Finally, compare the account agreement, website legal notice, customer-service details and payment account. A brand may be operated by companies across several jurisdictions, so identify who is contractually responsible, holds customer funds and handles complaints. If an agent provides only a screenshot or cannot explain the licence category, search independently on the FSC website and contact the regulator. Keep the search date and a copy of the page, as licence status can change. Regulatory registration is not a guarantee of returns or withdrawal ability.