The Mauritius Financial Services Commission issued a revocation notice withdrawing the authorisation of Sapang Shipping Incorporated (Authorisation No. AU24201188) under the Financial Services Act. The revocation is made pursuant to section 74(5), read in conjunction with section 71A(6), which provides that sections 44(6), 73A, 74 and 75 apply to an authorised company in the same way as they apply to a holder of a Global Business Licence.
Mauritius Financial Services Commission 2025-09-02
Mauritius Financial Services Commission revokes Sapang Shipping Incorporated’s authorisation
The Mauritius Financial Services Commission has revoked the authorisation of Sapang Shipping Incorporated under the Financial Services Act. This action is pursuant to section 74(5) and related provisions, aligning the treatment of authorised companies with holders of a Global Business Licence.