What is the companies that are regulated in FSC?
I saw a press release about Prime4x regulation it is the news broker in the FSC this is the article
The confidence of regulation
Because we believe in high standards of business ethics Prime4x is proud to announce that its now regulated under the
FSC “Financial services commission”
The Financial Services Commission (FSC) is the integrated regulator for global business and the financial services sector other than banking in Mauritius. The FSC was established in 2001 and operates under the Financial Services Act 2007 to license, regulate, monitor and supervise the conduct of business activities in these sectors. The FSC is the integrated regulator for the industry and its remit encompasses those of the former regulatory bodies for securities (Stock Exchange Commission) in Mauritius.
The financial sector includes institutions involved in Securities, Insurance & Pensions, Capital Market operations, Leasing & Credit Finance.
The FSC is also committed to the sustained development of Mauritius as a sound, stable and competitive international financial services center. Consequently, the Commission promotes the development, fairness, efficiency and transparency of non-bank financial institutions and capital markets in Mauritius whilst ensuring the protection of investors with monitoring and supervise on stock exchange, the depository and settlement system, market intermediaries, collective investment schemes, insurance to reduce the risks of non compliance with laws and regulations and to ensure financial soundness and the main policy of FSC is to research and analysis regulatory developments in the non-bank financial services sector locally and abroad, and to propose amendments to upgrade current practices to international standards. This Unit works towards policy formulation in relation to regulation and supervision.