Core Income Generating Activities
The entity holding an Investment Adviser (Corporate Finance Advisory) License is authorized to provide corporate finance advisory services with respect to securities transactions through printed materials or any other means.
Corporate Structure
The entity is structured as a GBL and applying for an Investment Adviser (Corporate Finance Advisory) License from the FSC.
It should set up the relevant frameworks designed to prevent money laundering, the financing of terrorism and conflict of interest policies, procedures and manuals.
Enhanced Substance Requirements
Licensing conditions include, inter alia, carrying out of its core income generating activities at all times in, or from, Mauritius by:
Minimum Unimpaired Capital
There is a requirement as per the Securities (Licensing) Rules 2007 to maintain a minimum stated unimpaired capital of MUR 1 million (equivalent to approx. USD 25,000).
The licensee shall inform the FSC immediately where its minimum stated unimpaired capital falls below the minimum required.
Regulatory Fees
