Section 6: Functions of Commission

6. Functions of Commission The Commission shall have such functions as are necessary to further most effectively its objects, and in particular, shall— (a) be responsible for the administration of the relevant Acts; (b) license, regulate, monitor and supervise the conduct of business activities in the financial services sector and of global business; (c) set rules and guidance governing the conduct of business in the financial services sector and of global business; (d) identify and take measures to prevent and eliminate investment business abuse; (e) establish norms and standards in order to preserve and maintain the good repute of Mauritius in the financial services sector; (f) promote public understanding of the financial system including awareness of the benefits and risks associated with different kinds of investment; F10 – 7 [Issue 3] Financial Services Act (g) carry out investigations and take measures to suppress illegal, dishonourable and improper practices, market abuse and financial fraud in relation to any activity in the financial services and global business sectors; (h) prepare, develop and implement a plan for the better integration of the financial services industry; (i) carry out research, commission studies and disseminate information in the field of financial services; (j) collect, compile, publish and disseminate statistics in respect of the financial services and global business sectors; (k) establish and maintain such links and liaison with international agencies in the field of financial services and global business as may be necessary for the furtherance of its objects; (l) ensure coordination and co-operation between public sector agencies and private corporations engaged in the financial services and global business sectors; (m) take measures for the better protection of consumers of financial services; (n) advise the Minister generally on any matter relating to the financial services sector and to global business; and (o) do such acts or things as are incidental or conducive to the attainment of its objects.