The Financial Services Commission completed its fee review on 1 July 2026. If you hold an FSC licence, or are planning to apply for one, the new fee schedules matter. This is not just about numbers going up or down. The FSC has restructured some fees and adjusted thresholds in ways that affect your bottom line.
What changed
The FSC published its updated fees under the Financial Services (Fees) (Amendment) Rules 2026, gazetted as GN No. 119 of 2026. The main changes:
USD threshold adjustment. The threshold for converting USD fees to local currency has been increased from $25,000 to $26,800. This is a technical change, but it affects the calculation of fees for entities that pay in USD.
New fee schedules. The FSC has updated the fee tables for:
- Global Business Corporations (GBC)
- Collective Investment Schemes (CIS)
- Securities intermediaries
- Insurance companies
- Fund managers and administrators
Annual licence fees. Some annual fees have been adjusted to reflect the cost of regulation. The FSC has indicated that the review was intended to ensure fees remain commensurate with the services provided.
Who is affected
If you operate any of the following in Mauritius, the new fees apply to you:
- GBC1 or GBC2 licence holders. Your annual renewal fee may have changed. Check the new schedule.
- CIS managers and administrators. Fee changes affect both fund registration and ongoing supervision costs.
- Securities intermediaries. Broker-dealers, investment dealers, and other intermediaries are subject to updated fee schedules.
- Insurance companies. Both life and non-life insurers face revised fees.
- VAITOS licence holders. The FSC has also updated fees for virtual asset service providers.
How to check your new fees
The FSC publishes its fee schedules on its website. The updated schedules are available under the relevant sections of the Financial Services (Fees) Rules. If you are unsure which schedule applies to you, check your licence conditions or contact the FSC.
Practical steps:
- Identify your licence type and category
- Look up the corresponding fee schedule
- Compare with what you paid last year
- Budget for the difference
- Ensure payment is made before the renewal deadline
What this means for new applicants
If you are applying for an FSC licence for the first time, the new fees apply from 1 July 2026. This includes:
- Application fees
- Initial licence fees
- Supervision fees
The FSC has not introduced any new fee categories. The changes are adjustments to existing fees.
Frequently asked questions
When do the new fees apply? The fee review took effect on 1 July 2026. All applications and renewals submitted after that date are subject to the new schedules.
Will I receive a notification from the FSC? The FSC publishes its fee rules in the Government Gazette. It is your responsibility as a licence holder to check for updates. If you are unsure, contact the FSC directly.
Can I dispute the new fees? The FSC sets fees through rules made under the Financial Services Act. There is no formal dispute process, but you can raise concerns with the FSC if you believe a fee has been calculated incorrectly.
Do the new fees apply to my existing licence? Yes. The new fee schedules apply to all licences, including existing ones, from 1 July 2026.
This article is for general information only. For advice on your specific licensing situation, contact the FSC or consult a regulatory professional.