Securities Act 2005 · FSC Mauritius
Mauritius Investment Adviser Licences
Mauritius distinguishes between investment advice, portfolio management and corporate-finance advisory. The correct category depends on whether the firm only gives recommendations, manages portfolios under mandate, or advises on securities-related corporate finance transactions.
Licence at a glance
Which category?
Three adviser categories, one decision point.
Unrestricted
Suitable where the adviser will both advise clients and manage portfolios, whether the mandate is discretionary or non-discretionary.
Restricted
Suitable where the business gives securities investment advice but does not manage portfolios.
Corporate Finance Advisory
For securities-related corporate finance work such as transaction advisory, fundraising / capital-markets support and related assignments.
Application focus
What the FSC will scrutinise.
- Investment process, mandate scope and investment universe.
- Client profiling, suitability / appropriateness and risk classification.
- Portfolio-management controls where applicable.
- Conflicts, inducements, research, recordkeeping and client reporting.
- Competence and experience of advisers / licensed representatives.
- AML/CFT, governance, compliance and operational substance.
How Ylexium advises
From category selection to launch.
Ylexium scopes the licence category, develops the regulatory business plan, maps the advisory or portfolio-management process, prepares governance and compliance frameworks, coordinates the application pack and supports FSC queries through to operational readiness.
Discuss an Investment Adviser Licence
Tell Ylexium whether the model involves advice only, portfolio management, or corporate-finance work. The right category follows from that.