20 years of service to the Mauritian Global Business industry
The Financial Services Commission (FSC) was established in 2001 under the Financial Services Act and is the unified regulator for the entire non-banking financial sector including the global business, insurance and securities market industry.
Prior to the FSC, the Mauritius Offshore Business Activities Authority (MOBAA) was the regulator of the sector which at that time was called the offshore sector. The MOBAA was also responsible for the promotion of the offshore sector. With the repeal of the Mauritius Offshore Business Activities Act, the FSC was established to replace MOBAA to regulate and supervise all non-banking financial services and the Financial Services Promotion Authority was instituted to promote the non-banking financial services sector.
FSC's vision is "to be an internationally recognised Financial Supervisor committed to the sustained development of Mauritius as a sound and competitive Financial Services Centre".
In carrying out its mission, the FSC aims to:
promote the development, fairness, efficiency and transparency of financial institutions and capital markets in Mauritius;
suppress crime and malpractices so as to provide protection to members of the public investing in non-banking financial products; and
ensure the soundness and stability of the financial system in Mauritius.