Following the announcement made last night by the Prime Minister of Mauritius, Honourable Pravind Kumar Jugnauth, on the country’s two-weeks lock-down, the Financial Services Commission (“FSC”) of Mauritius has issued a communiqué regarding its Business Continuity Plan (the “Communiqué”). The FSC is reassuring the industry that it will continue to remotely engage with its licensees and market participants in order to ensure continuity of business.

The FSC informs that it will be more flexible towards companies, which may face challenges in meeting their forthcoming reporting obligations including regulatory filings. It will also consider reviewing its procedures on a case-to-case basis in order to alleviate the regulatory burden for financial institution during these challenging times.

Please read the Communiqué on: FSC-communiqué-statement-on-covid