Section 10: Licence for clearing and settlement facilities
consolidated text (as at 2018, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
10. Licence for clearing and settlement facilities
(1) No person shall provide, whether physically, electronically or otherwise, services in Mauritius with respect to the deposit, clearing or settlement
of securities transactions unless the person holds a clearing and settlement
facility licence issued by the Commission.
S7 – 11 [Issue 1]
Securities Act
(2) Subsection (1) shall not apply to the clearing and settlement facility
provided by the Bank of Mauritius for securities it issues on its own behalf or
on behalf of the Government of Mauritius.
[S. 10 amended by s. 7 of Act 15 of 2007 w.e.f. 28 September 2007.]