The Mauritius Financial Services Commission has published an updated Settlement Framework, aligning its approach to settlement with recent legislative amendments to the Financial Services Act and the Financial Services (Framework for the Imposition of Administrative Penalties) Rules. The revised framework reflects changes to section 53A of the Financial Services Act, sets out circumstances in which settlement may not be considered by the Commission, and incorporates new settlement discounts available under the Administrative Penalties Rules. The related FAQ on the Settlement Framework has also been updated.
Mauritius Financial Services Commission 2025-12-22
Mauritius Financial Services Commission updates its Settlement Framework to reflect changes to administrative penalty rules
The Mauritius Financial Services Commission has released an updated Settlement Framework, aligning with recent amendments to the Financial Services Act and Administrative Penalties Rules. The framework details changes to section 53A, conditions under which settlement may be excluded, and new settlement discounts. An updated FAQ accompanies the revised framework.