Investment Dealer Including/excluding underwriting, Broker or Discount Broker |
May cover client execution, dealing as principal, distribution or underwriting where expressly authorised. Each category has different permissions, capital and operational requirements. |
Securities, derivatives or multi-asset brokerage models, subject to approved instruments, client type, dealing model and FSC conditions. |
Investment Adviser Unrestricted or Restricted |
Provision of investment advice and related services within the approved scope. Portfolio management may require the appropriate category and express authorisation. |
Investment advisory, research, portfolio advisory and eligible management mandates, depending on the approved model. |
| Collective Investment Scheme / Closed-end Fund |
Establishment and operation of an investment fund, with classification, offering, governance and functionary requirements based on the proposed fund. |
Open-ended or closed-ended investment structures, professional investor funds and specialist strategies. |
| CIS Manager |
Management of collective investment schemes in accordance with the Securities Act, applicable rules and FSC licensing conditions. |
Fund management businesses serving Mauritius-domiciled or eligible international investment structures. |
Virtual Asset Service Provider Classes M, O, R, I and S |
Specified virtual-asset broker-dealer, wallet, custody, advisory or marketplace activities under the VAITOS framework. |
Virtual-asset brokerage, hosted wallet services, custody, advisory and marketplace operations, depending on the approved class. |
Payment Intermediary Services FSC FS-2.9 |
Approved payment-intermediary activities under the FSC licence. It should not be treated as a substitute for a Bank of Mauritius Payment Service Provider Licence. |
Selected cross-border payment facilitation or intermediary models, subject to formal regulatory classification and the precise money flow. |