FSC Mauritius
Ponzi Scheme: Possible Action Against The FSC
The Association Sale by Levy & Justice, whose president is Cangayen Pillay, flies to the rescue of the victims of Ponzi Scheme. The first action is announced possible legal action against the Financial Services Commission.
03 Sep 2013, business.mega.mu
Ponzi Schemes: FSC Identifies 50 Nonbanks Companies
Fifty non-bank companies were identified by the Financial Services Commission (FSC) in the course of an investigation on Ponzi Schemes.
26 Jul 2013, business.mega.mu
FSC: "Watch Out for Scams in Social Media! "
Release of Draft Guidelines for the advertising and marketing of financial products
16 Jul 2013, business.mega.mu
FSC : Winners of the Young Talent Competition 2013 Revealed
The winners of the second edition of the Young Talent Competition (YTC), organized by the Financial Services Commission (FSC), were presented last Wednesday. The theme for this year was based on the insurance industry in Mauritius.
22 Jun 2013, business.mega.mu
Offshore: FSC Suspend the License of Ostermann Finanz Ltd.
A third company operating in the financial sector has seen its suspended by the Financial Services Commission (FSC) license. Ostermann Finanz Ltd. operated for five years as a Management Company in the offshore sector.
07 May 2013, business.mega.mu
Clairette Ah-Hen, "Why the FSC Has Not Seen the Future Ponzi Schemes"
Under pressure from the discovery of a series of Ponzi schemes in Mauritius, the Financial Services Commission (FSC) announced more frequent meetings with the Bank of Mauritius and the police. Its Chief Executive , Clairette Ah-Hen, why the regulator of the financial sector did not know.
23 Apr 2013, business.mega.mu
Nirvi Management and Lotus Fund: Rs 100 million to be Repaid According to First Reading
A brief summary of the FSC indicates that approximately Rs 100 million has been invested by clients in Nirvi Fund Management and Lotus, two companies suspended by the regulator. The administrator appointed by the FSC should check where the parties are deposits made by customers.
21 Apr 2013, business.mega.mu
The Nirvi Management, Lotus Fund and A & A Marketing Targeted by Investigations
Suspending the license Nirvi Management and Lotus Fund, the Financial Services Commission (FSC) may have put its hands on a large-scale fraud, the mechanism is similar to a more sophisticated Ponzi scheme. Three tird company, A & A Marketing, appears in the viewfinder that several pilot projects bungalows in the North.
20 Apr 2013, business.mega.mu
FSC Appoints an Administrator to Nirvi Management Company and Lotus Fund
Two days after the suspension of operating permits Nirvi Management Company and Lotus Fund , the Financial Services Commission (FSC) has appointed an administrator. Xavier Koenig particular ensure the interests of clients.
20 Apr 2013, business.mega.mu
A & A Marketing in Viewfinder of Police and FSC
More than 500 people have been waiting for years as real estate projects in which they have invested succeed. A & A Marketing, promoter, reassuring, while the police investigation and the FSC has appointed an administrator to put the order. -
19 Apr 2013, business.mega.mu
FSC Suspends Two Offshore Investment Companies
The Financial Services Commission (FSC) has suspended the license of operation of two investment companies, "Nirvi Management Ltd" and "Lotus Fund Ltd", both located in Grand Baie. The FSC found them not to operate "in the regulatory framework in place."
18 Apr 2013, business.mega.mu
Preserve the Integrity of Financial System at Mauritius
Financial system is based on trust and own jurisdiction. Maurice stepping up efforts to defend its image on the international level and emerge as a regional financial center. Regulators, including the FSC and the BoM, working also in this direction.
09 Apr 2013, business.mega.mu
Investment Schemes
The collapse of the investment scheme offered by the company Whitedot revealed several flaws in the system, both controllers as the lack of investor caution. Such plans take advantage of the naivety of gullible, shortcomings in the law, but a little depth and limited coordination between different regulatory bodies.
03 Apr 2013, business.mega.mu
FSC Focuses on Activities Sunkai Company Ltd
The Financial Services Commission is interested in activities Sunkai Company Ltd.. The company, headed by ex-councilor of Quatre-Bornes, Bhimla Ramloll, offers customers double their investment in three months.
28 Jan 2013, business.mega.mu
Offshore: 55% of 'Management Companies' Have Violations
There are gaps and deficiencies in certain sub-sectors of financial services, which should highlight to remedy.
28 Jan 2013, business.mega.mu
New law for LPs necessary,says FSC
The Financial Services Commission (FSC) held a presentation on Limited Partnerships (LPs) on Tuesday at its premises, with regards to the Limited Partnerships Act promulgated in December 2011. The FSC is of the opinion that it has become a necessity to introduce this legislation for LPs to modernise legislation and promote Mauritius as an International [...]
28 Aug 2012, The Independent Daily
FSC introduces handbook on offshore management
In order to facilitate the application of a global business license by service providers and to improve the licensing process, the Financial Services Commission (FSC) presented the ‘Guide to Global Business’ on Wednesday at FSC house, Ebene. The minister of Finance and Economic Develpment Xavier-Luc Duval described the financial services sector as one of the [...]
26 Jan 2012, The Independent Daily
FSC hosts int’l seminar on insurance risks
We can never emphasise enough the fact that development and growth can only happen when there is financial stability. This was stated by Clairette Ah-Hen, chief executive officer (CEO) of the Financial Services Commission at the inaugural session of a three-day workshop of the IAIS regional seminar for Sub-Saharan Africa. This is the second time [...]
09 Nov 2011, The Independent Daily
FSC hosts meet on financial cooperation
Mauritius hosted the 26th annual meeting of the Africa Middle East Regional Committee (AMERC) of the International Organisation of Securities Commission under the aegis of the Financial Services Commission (FSC) at Hilton hotel, Flic en Flac on Thursday.
11 Feb 2011, The Independent Daily
FSC holds Africa regional meeting from Feb 9-11
The Financial Services Commission (FSC) will host the 26th IOSCO-Africa Middle East Regional Committee (AMERC) meeting from February 9 to 11.
02 Feb 2011, The Independent Daily