Launching of the FSC One Platform, 12 August 2021

The Honourable Mahen Kumar Seeruttun stated in his address that “the FSC One platform is a landmark in our digital journey and in perfect consonance with Government’s agenda for transformation”. He commended the sustained coordination between the FSC and industry players in the elaboration of this system and added that “by making regulatory accessible at a mere click and by empowering end users to self-manage information on the platform, we are generating positive user experience and upgrading to the ultimate form of ease of doing business. FSC One Platform will undoubtedly go a long way in elevating the score of Mauritius in the ease of doing business index”.

Mr Mardayah Kona Yerukunondu, the Chairperson of the FSC, in his message to the industry about the FSC One Platform underlined the engagement of the FSC to ensure “the processing of applications in a smoothly and in a timely manner”. He spoke on the vision of the Board to foster a culture of innovation and reaffirmed the commitment of the FSC to keep pace with the changing environment by modernising regulation through the use of new technology. He also announced the establishment of a Fintech Subcommittee of the Board and expressed his gratitude to the Bank of Mauritius and the Corporate and Business Registration Department and the industry for their collaboration in this project.

Mr Dhanesswurnath Thakoor, the Chief Executive of the FSC gave an overview of the salient features of the digital platform and explained that the platform is fully paperless and in line with the green initiative of the FSC. He also stressed that the FSC One Platform was fully developed in-house by internal talent demonstrating that “we have the know-how and vision to develop our own innovative system”.

The National Budget Measures for 2021/2022 announced the introduction of the FSC One platform as an online licensing portal. At the initial phase, the platform will help in tracking the authorisation process and provide more visibility to stakeholders and licensees on applications submitted to the FSC. This integrated innovative digital system will also enable seamless, streamlined and optimised process for the filing and conduct of oversight of FSC’s licensees at a later stage, thereby allowing the FSC to gear up in its paperless policy and step into the league of sustainable environmental-friendly organisations.