juris

Section 25: Variation of licence

Financial Services Act · PART IV: REGULATION OF FINANCIAL SERVICES

consolidated text (as at 2016, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.

25. Variation of licence (1) The Commission may, by written notice to a licensee, vary the licence. (2) The Commission shall not vary a licence by— (a) restricting the activity authorised by the licence; or continued on page F10 – 17 F10 – 16 (1) [Issue 9] Revised Laws of Mauritius (b) including further conditions on the licence, unless the Commission has notified the licensee of the proposed variation and the reasons for the proposed variation, and has given the licensee a reasonable opportunity to make representations to the Commission thereon. (3) This section shall apply to a holder of a Global Business Licence.

Ask juris about this section Official source