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ARTICLE · 21 NOVEMBER 2023

New FSC Guidelines On Regulatory Sandbox License

Orison Legal
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The Financial Services Commission (the ‘FSC') has recently announced the setting up of FSC Finnovate, the new fintech innovation hub, a measure previously highlighted in the 2021/2022 budget speech.

MauritiusFinance and Banking
Janesh Chuttoo
Janesh Chuttoo
Tania Li
Tania Li

The Financial Services Commission (the 'FSC') has recently announced the setting up of FSC Finnovate, the new fintech innovation hub, a measure previously highlighted in the 2021/2022 budget speech. The principle behind it is to improve the competitiveness and to reinforce the position of Mauritius as a leader in fintech and artificial intelligence offerings in Africa.

In its commitment to foster a conducive and efficient regulatory and business environment for investors, the FSC has regrouped several existing regimes, namely peer-to-peer lending, investment-based crowdfunding, payment intermediary services, robotic and artificial intelligence enabled advisory services, and virtual assets under its new fintech and innovation resource hub. With this new initiative, the FSC has a two-fold objective, namely to:

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