Section 77C: Global activities

77C. Global activities (1) Subject to this section, an entity whose main activity is to conduct global activities as specified in the Sixth Schedule shall apply to the Commission for a licence. (2) For avoidance of doubt, an application for a licence under subsection (1) shall be subject to the regulation of financial services under Part IV. (3) The Chief Executive may, in addition to the matters specified in section 53(1), act in accordance with that section in relation to a holder of a licence under this section where he is of the opinion that an administrative sanction is necessary to protect the good repute of Mauritius as a centre for global business. (d) in section 94(2), by repealing paragraph (g), the semicolon at the end of paragraph (f) being deleted and replaced by a full stop; (e) in the Second Schedule, in Part I, by deleting the following items – Global headquarters administration Global shared services Global treasury activities (f) by adding the Sixth Schedule set out in the Seventh Schedule to this Act. 302 Acts 2022