The FSC Mauritius Joins Association of National Numbering Agencies

The Financial Services Commission, Mauritius (FSC) yesterday announced that its application to become a member of the Association of National Numbering Agencies (ANNA) and to be recognised as the NNA for Mauritius for proper oversight on the issue of International Securities Identification Number (ISIN) in Mauritius has been approved.

As a member of ANNA, the FSC will continue to uphold the obligations towards ANNA and the issuance of ISIN in Mauritius.  

Duly licensed and regulated clearing and settlement facilities in Mauritius will be able to allocate ISIN, Classification of Financial Instruments code and Financial Instrument Short Name to all types of financial instruments issued by issuers.

The ISIN issuance fee has been set at USD 600 for each ISIN issued, which may be subject to revision.

Licensed clearing and settlement facilities in Mauritius will be authorised to charge the fee for each ISIN issued on behalf of the FSC. The FSC will issue a Circular Letter in this regard.

The FSC, as a forward-looking regulator, will continue to provide the appropriate regulatory ecosystem for the financial community to operate. The FSC will keep its stakeholders abreast of future developments in relation to the above.

Earlier this month, Fazzaco reported that Lindholm Capital Ltd, the owner of forex broker GemForex, has received a regulatory license from the FSC with license number: GB21026537.