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Financial Services

Licensing Dealers, Advisers, and Asset Managers

We manage the FSC licensing process for investment dealers, advisers, commodity brokers, and asset managers, and support the ongoing operational requirements once licensed.

Overview

A Full Range of Securities Licences, One Point of Contact

Securities & Investment Dealer/Adviser Licensing & Management Services covers the full range of securities-related licences available in Mauritius, dealing, advising, commodity broking, and asset and treasury management, along with the operational support these businesses need once licensed.

We advise on which licence category fits the intended activity, prepare and submit the FSC application, and help the business meet the ongoing regulatory and operational requirements that come with holding the licence, from capital adequacy to reporting.

9
Licence Types
Covering investment dealing, advisory, spot commodity broking, and asset and treasury management.
3 Tiers
Full, Excl. Underwriting & Discount Broker
Investment Dealer licensing scaled to the scope of activity, from full underwriting to discount broking.
2 Tiers
Unrestricted & Restricted
Investment Adviser licensing scaled to the scope of advice given.

What We Provide

Key Features of Our Licensing Service

Licence Category Assessment
Advising on which dealer, adviser, commodity, or asset management licence fits the intended activity.
FSC Licence Application
Preparing and submitting the application and managing regulator queries through to approval.
Capital & Compliance Structuring
Advising on the capital adequacy, professional indemnity, and compliance infrastructure the licence requires.
Foreign Dealer Applications
Managing licensing for foreign investment dealers operating into or from Mauritius.
Spot Commodity Licensing
Structuring and licensing spot commodity brokers and market/clearing house operators.
Ongoing Licence Support
Advising on renewal, reporting, and operational compliance once the licence is in place.

Licence Categories

Licences We Help Secure

Investment Dealer (Full, Excl. Underwriting, Discount Broker)
Three tiers of dealing licence, scaled to the scope of trading and underwriting activity.
Learn More about Investment Dealer licences →
Investment Adviser (Unrestricted, Restricted)
Advisory licensing scaled to the scope of advice given.
Learn More about Investment Adviser licences →
Foreign Investment Dealer
Licensing for dealers based outside Mauritius operating into the market.
Learn More about Foreign Investment Dealer licensing →
Spot Commodity Broker & Market/Clearing House
Licensing for spot commodity trading and clearing infrastructure.
Learn More about Spot Commodity Broker licensing →
Asset Management & Treasury
Licensing to manage client assets and treasury functions.
Learn More about Asset Management & Treasury →

Process

How It Works

01
Activity Assessment
Understanding the intended business activity to identify the right licence category and tier.
02
Structuring Proposal
Confirming the licence pathway and the entity structure required to support it.
03
Documentation Preparation
Preparing the business plan, compliance manual, and supporting documents the application requires.
04
FSC Application
Submitting the licence application and managing regulator queries through to approval.
05
Capital & Compliance Set-Up
Establishing the capital, insurance, and compliance infrastructure required to hold the licence.
06
Licensing & Launch
Finalising the licence and transitioning into ongoing operational and reporting support.

Requirements

Requirements & Eligibility

When This Service Applies

  • A business wants to deal in securities, provide investment advice, broke spot commodities, or manage assets on behalf of clients in or from Mauritius
  • A foreign dealer wants to operate into the Mauritius market and needs the appropriate licensing
  • An existing licence holder needs support with renewal, reporting, or expanding into an adjacent licence category

Licensing Considerations

  • Capital adequacy, professional indemnity insurance, and compliance officer requirements vary by licence category and should be scoped early
  • Advisory licences (Unrestricted vs Restricted) are distinguished by the scope of advice and products covered, and the right tier depends on the business's intended activity
  • Ongoing reporting obligations continue after licensing and should be planned for as part of the business's operational setup

Common Questions

Frequently Asked Questions

The tiers reflect the scope of dealing activity: Full Licence & Underwriting permits underwriting alongside dealing, Excluding Underwriting permits dealing without underwriting, and Discount Broker is a narrower execution-only licence. We advise on which fits the intended business.
An Unrestricted licence permits advice across a broader range of securities and clients; a Restricted licence limits the scope of advice given, typically to specific products or client types. The right tier depends on the advisory business being established.
Generally no, a foreign dealer operating into or from Mauritius needs the appropriate Foreign Investment Dealer licensing. We advise on the specific requirements based on where the dealer is based and how it intends to operate.
It licenses a business to manage client assets and treasury functions on their behalf. We advise on how this licence interacts with other activities, such as fund management, where relevant.
Licence holders typically have ongoing reporting, capital adequacy, and compliance obligations to the FSC. We support clients with these requirements after licensing, not only through the application itself.
Yes, subject to FSC approval for each licence and the business's capacity to meet the combined regulatory requirements. We advise on sequencing and structuring where multiple licences are being pursued.

Continue Exploring

Related Services

Corporate Finance Advisory
Capital raising and advisory work that often sits alongside a dealer or adviser licence.
Learn More about Corporate Finance Advisory →
Custody & Asset Safekeeping
Safeguarding client assets for licensed dealers and asset managers.
Learn More about Custody & Asset Safekeeping →
Ongoing Regulatory Compliance & Governance
AML, monitoring, and governance support across all licensed activities.
Learn More about Ongoing Regulatory Compliance & Governance →

Ready to Get Licensed?

Speak with our licensing team about the right dealer, adviser, or asset management licence for your business.

Request a Consultation