FSC Have First Meeting on Regulating Fintech.

The FSC have announced that they have had the First Meeting of the Regulatory Committee on Fintech and Innovation-driven Financial Services.

FSC:

“The Fintech and Innovation-driven Financial Services Regulatory Committee (the “Committee”) held its first meeting on Friday 09th of February 2018 at the seat of the FSC. The Committee is chaired by Lord Meghnad Desai and discussions were centred on positioning Mauritius as a regional hub of sound repute in the field of Fintech Regulations by:

 Building an open and transparent regulatory regime for Fintech in Mauritius which encourages innovation;

  • Exchanging information with other recognised regulatory authorities to contain any kind of illegitimate activities;
  • Keeping cognisance of the best technological innovations and ensuring that Mauritius is at pace with the latest technological advancements in the Fintech ecosystem;
  • In regulating blockchain-related activities, it will consider the use of latest technology that will prevent hacking and other kind of frauds;
  • Recognising the potential benefits of blockchain technology on the economy and society, and encouraging its development;
  • Considering incentives to attract Fintech activities to Mauritius; and

Reflecting on the possibility of establishing a sovereign fund in Mauritius to provide seed capital for the development of Fintech activities in the region. “

 

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BTG Management Services (Mauritius) is a full service Management Company located in Mauritius licensed by the Financial Services Commission under section 77 of the Financial Services Act of 2007.

 

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