Following the announcement of the implementation of a nationwide lockdown in Mauritius, trading and settlement activities were temporarily suspended on 10 March.

In a joint communique issued on 10 March 2021, the Stock Exchange of Mauritius Ltd (SEM) and the Central Depository & Settlement Co. Ltd (CDS) informed market participants and the public in general that trading and settlement activities would resume on Monday 15 March. Trades executed on Friday 5 March and that should have been settled on 10 March, would be settled on Monday 15 March given that Thursday 11 March and Friday 12 March were public holidays in Mauritius.

Furthermore both the SEM and CDS have activated their Work-From-Home protocol and this will ensure that Trading and Settlement activitiescarried out during normal trading hours remain uninterrupted provided that:

• Participants have adequate funds in their bank accounts by 10:30 Hrs on each day;
• The relevant settlement banks submit debit instructions to Bank of Mauritius by 11:00 Hrs on each day; and
• Bank of Mauritius transfers the funds among the settlement banks by 12:00 Hrs on each day.

To access the official communique, please click here