Financial Services Commission Introduces "Known To The Commission" Framework

The "Financial Services Commission" ("FSC") of Mauritius has introduced the "Known to the Commission" ("KTC") concept, effective from 5 January 2026, in line with the National Budget measures for 2025/2026. The initiative aims to improve regulatory efficiency by allowing the FSC to rely on existing information for entities and individuals that have already undergone regulatory screening.

At the initial stage, the KTC framework applies to entities holding or applying for Investment Fund, Investment Adviser (Restricted), and Investment Adviser (Unrestricted) licences, as well as their relevant officers and beneficial owners.

An entity or individual will be considered as KTC where such person has held a valid FSC licence for the past three years, is in good standing with the FSC in terms of fees and reporting obligations and having no adverse regulatory findings, and where the FSC already holds the relevant due diligence information.