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Section 16: Enforcing rules made under this Sub-Part

Securities Act · PART III: FINANCIAL MARKETS REGULATION

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.

16. Enforcing rules made under this Sub-Part (1) Where a person who is under an obligation to comply with or enforce rules under this Sub-Part fails to perform the obligation, the Commission may direct— (a) that person; or (b) where the person is a corporation, its officers, to comply with such rules or enforce them, as the case may be. [Issue 1] S7 – 14 Revised Laws of Mauritius (2) Notwithstanding subsection (1), where a person who is under an obligation to comply with or enforce rules under this Sub-Part fails to perform the obligation, the Court may, on application by— (a) the Commission; (b) the licensee that made the rules; or (c) a person aggrieved by the failure, give directions to— (i) the person against whom the order is sought; and (ii) its officers about compliance with, or enforcement of, the rules.

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