The Financial Services Commission, Mauritius (FSC) and France’s Authorité des marchés financiers (AMF), which is the independent public authority that regulates participants and products in France’s financial markets, have signed an agreement pertaining to the support of innovative financial operators and the dialogue between the two countries on 5th September 2018, in Paris.

This agreement in the field of Fintech aims to support entrepreneurs who have innovative projects and to promote exchanges between the regulatory authorities of the two countries. The two parties will exchange information on trends in financial innovation and on the challenges in regulating this sector. In addition, the FSC and the AMF will deepen their understanding of each other’s regulation of the sector in their respective country and take the commitment to provide trainings on those regulations applicable to operators coming from each other’s jurisdictions.

Beyond Fintech, the FSC and the AMF are both signatories of the Multilateral Memorandum of Understanding (MMOU) of the International Organization of Securities Commissions and have also signed a technical cooperation letter aiming to improve their mutual understanding of the financial regulations in each other’s country. This will be done through expertise exchanges, seminars and delegation visits.