The Financial Services Commission (FSC) Mauritius has won for the second time the Africa Investor “Most Innovative Capital Market Regulator of the Year Award”, at a summit organised by Africa Investor in collaboration with the New York Stock Exchange Euronext last Friday.
The Award was conferred to the Vice-Chairperson of the FSC, Ms Mary Anne Philips, during a ceremony at the New York Stock Exchange.
The recognition by the international bodies and by Africa Investor, a leading international investment and communication group, reflects the commitment of FSC Mauritius to be an efficient and service-oriented regulator offering a regulatory framework which inspires the trust and confidence of its African neighbours and the international investors.
The FSC is of opinion that its actions will encourage the flow of funds and investments into the African continent. Moreover, the Commission is committed to ensure that Mauritius is a well regulated financial centre which adheres to international standards of supervision. According to the FSC, the appropriate legal and regulatory frameworks coupled with sufficient level of expertise make Mauritius an attractive and business friendly jurisdiction for investment structuring purposes.
FSC Mauritius has obtained the first award in September 2010 for measures taken to promote the development of Financial Services in Mauritius and for adoption of a business friendly approach to regulation.
During the ceremony the Stock Exchange of Mauritius (SEM) also received the “Most Innovative African Stock Exchange of the year Award”. SEM topped the category on the basis of the following criteria: the use of technology to enhance investor access to real‐time stock market information; compliance of the Exchange’s regulatory and operational set‐up with international standards; initiatives implemented by the Exchange to embrace new and existing areas of development as well as future initiatives to improve the experience of investors using the Exchange.
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