The Mauritius Financial Services Commission Issues Communique On Its Licensee Filing And Reporting Obligations

On 12 June 2020, the Financial Services Commission of Mauritius (FSC) issued an important communique on the filing and reporting requirements of its licensees in view of the national lockdown which prevailed as a result of the COVID-19 pandemic.

The FSC has thus confirmed that it will continue to maintain a flexible approach and will not impose administrative penalties on its licensees for late filings and reporting obligations.

However, the following caveats apply to the application of the FSC's flexibility:

• the obligations must relate to (i) audited financial statements and annual reports (ii) quarterly and interim financial statements and financial summaries (as defined by the Companies Act 2001) which are to be filed within 6 months of the balance sheet date;