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Section 5: Objects of Commission

Financial Services Act · PART II: THE FINANCIAL SERVICES COMMISSION

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.

5. Objects of Commission (1) The objects of the Commission shall be to— (a) ensure the orderly administration of the financial services and global business activities; (b) ensure the sound conduct of business in the financial services sector and in the global business sector; (c) elaborate policies which are directed to ensuring the fairness, efficiency and transparency of financial and capital markets in Mauritius; (d) study new avenues for development in the financial services sector, respond to new challenges and take full advantage of new opportunities for achieving economic sustainability and job creation; (e) ensure, in collaboration with the Bank of Mauritius, the soundness and stability of the financial system in Mauritius; and (f) work out objectives, policies and priorities for the development of the financial services sector and global business and make recommendations to the Minister. (2) Notwithstanding the Bank of Mauritius Act, the Bank of Mauritius may make available to the Commission such infrastructure, know-how and other facilities of the Bank as the Commission may need to enable it to attain its objects under the Act.

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