The Mauritius Financial Services Commission issued amendments to its consolidated licensing and fees framework to give the Commission discretion to treat a previously submitted Personal Questionnaire as still valid for licensing purposes. Under the new Rule 7(4A), a Personal Questionnaire may be deemed valid where it was submitted within two years of its initial submission and there has been no material change in the information provided. Rule 7(4B) clarifies that a fresh Personal Questionnaire is required where there is a material change, and preserves the Commission’s power to require any beneficial owner, controller, officer or shareholder of an applicant or licensee to complete a fresh Personal Questionnaire where necessary. The amendments enter into operation on 05 January 2026.
Mauritius Financial Services Commission 2025-12-17
Mauritius Financial Services Commission amends licensing rules to allow Personal Questionnaires to remain valid for two years
The Mauritius Financial Services Commission amended its licensing and fees framework, allowing discretion to treat a previously submitted Personal Questionnaire as valid if submitted within two years and unchanged. Rule 7(4B) mandates a new questionnaire if there are material changes, maintaining the Commission's authority to request updates from relevant parties. The amendments take effect on 5 January 2026.