# Investment Adviser Licence (Mauritius)

Source page: https://protegra.io/licensing/licences/investment-firm/mauritius-investment-adviser/

The Investment Adviser Licence is issued by Financial Services Commission (FSC) under Securities Act 2005. It covers investment advice. It is valid in Mauritius only; each other market needs its own authorisation. Ownership changes need the regulator's approval before completion.

## At a glance

| Official name | Investment Adviser Licence [1] |
| --- | --- |
| Issued by | [Financial Services Commission](https://protegra.io/licensing/regulators/fsc-mauritius/) |
| Jurisdiction | [Mauritius](https://protegra.io/licensing/jurisdictions/mauritius/) |
| Licence family | [Investment firm / broker-dealer](https://protegra.io/licensing/licences/investment-firm/) |
| Legal basis | Securities Act 2005 [1] |
| Passporting | Domestic only |

## What it lets you do

- [Investment advice](https://protegra.io/licensing/activities/investment-advice/)

- **Investment advice.** Giving personal recommendations to a client about one or more transactions in financial instruments.

## Where it is valid

_Valid in Mauritius._

## Buying a company that already holds it

**Prior approval required.** Under Section 23 of the Financial Services Act 2007 and Section 16 of the VAITOS Act 2021, any issue or transfer of shares or legal or beneficial interest in a licensee requires the prior approval of the FSC, and any unauthorized transfer is void. Prior approval is not required for transfers under 5% (unless resulting in an individual holding over 20% or a change of control) or transfers to existing shareholders that do not alter control, both of which require written notification to the Commission. A controller is defined as any person holding or controlling not less than 20% of shares or voting power, or able to exercise significant influence, or holding board appointment/removal powers. Controllers and beneficial owners are subject to fit and proper vetting. [2]

Ready-made companies holding this licence: [see verified positions](https://protegra.io/companies/investment-brokerage/).

## Sources

1. [lawsofmauritius.govmu.org: web](https://lawsofmauritius.govmu.org/portal/viewlegislationdocument/web/?doctitle=U2VjdXJpdGllcyBBY3Q=&docnumber=&doctype=act): retrieved 2026-09-24
2. [lawsofmauritius.govmu.org: web](https://lawsofmauritius.govmu.org/portal/viewlegislationdocument/web/?doctitle=RmluYW5jaWFsIFNlcnZpY2VzIEFjdA==&docnumber=&doctype=act): retrieved 2026-09-24

Last verified 2026-09-24 · Author: Danil Marmysh · Reviewed by Anastasia Sidorenkova · © Protegra. Data: CC BY 4.0, cite "Protegra Licensing Atlas". Not legal advice.