Section 6: Objects of Commission

6. Objects of Commission (1) This Act shall be administered by the Commission. (2) In administering this Act, the Commission shall— (a) promote the confident and informed participation of investors and consumers in, and the efficiency of, securities markets in Mauritius; (b) improve the protection of investors in Mauritius from unfair, improper and fraudulent practices in relation to securities; (c) foster fair, efficient, transparent and informed markets for securities in Mauritius; (d) reduce systemic risk in the Mauritius financial sector in collaboration with other agencies; (e) regulate the disclosure of information by persons issuing securities and by reporting issuers to securities holders and to the public; (f) monitor and regulate the operation of securities exchanges and the activities of persons providing clearing and settlement services and trading systems for securities; (g) suppress and prevent financial crimes and illegal practices; (h) cooperate and collaborate with domestic and international organisations, law enforcement, supervisory and regulatory bodies; and (i) carry out research and collect, compile, publish and disseminate data and information on the securities industry. (3) Without prejudice to any powers provided under any other enactment, the Commission shall have such powers as are necessary for the performance of its functions and the attainment of its objects under this Act. [S. 6 amended by s. 5 of Act 15 of 2007 w.e.f. 28 September 2007.]