Investment Dealer Licence – Mauritius
Type of Licence
Other key requirements
An applicant must establish procedures designed to prevent conflicts of interest and the use of inside information through the effective segregation of its different activities.
Where a trading platform is to be used, an applicant must submit details about the platform and how it will be used.
The promoters, shareholders, directors, beneficial owners, and key staff members must all comply with fitness and propriety requirements.
Details on the proposed anti-money laundering and counter-terrorist financing (AML/CFT) framework, including appointment of the Money Laundering Reporting Officer (MLRO), Deputy Money Laundering Reporting Officer (DMLRO) and Compliance Officer.
Members of the investment dealer team must have relevant experience and qualification as required under the Securities Act 2005.
AN applicant is also required to meet the relevant ‘economic substance’ requirements when using a Global Business Company.