The Financial Services Commission
Year 2001Regulated by Government
The Financial Services Commission, Mauritius (the 'FSC') is the integrated regulator for the non-bank financial services sector and global business. Established in 2001, the FSC is mandated under the Financial Services Act 2007 and has as enabling legislations the Securities Act 2005, the Insurance Act 2005 and the Private Pension Schemes Act 2012 to license, regulate, monitor and supervise the conduct of business activities in these sectors.
Disclose broker
Disclosure summary
- Disclosure matching Supervision number matching
- Disclosure time 2021-11-05
- Reason for punishment The entity under this name is not and has not, at any point in time, been licensed and regulated by the FSC.
Disclosure details
INVESTOR ALERT AGAINST TELFORWARD
INVESTOR ALERT AGAINST TELFORWARD
It has come to the attention of the Financial Services Commission, Mauritius (the “FSC”)
that an entity in the name of TELFORWARD is claiming on its website
(https://telforward.net) to be regulated by the FSC, having an Investment Dealer
Licence Number C885973645.
The FSC hereby informs the public that TELFORWARD and/or any other individuals or
representatives or promoter groups operating under this name are not and have not, at
any point in time, been licensed and regulated by the FSC.
The FSC therefore urges the public to exercise caution in relation to their dealings with
TELFORWARD and to be vigilant when being solicited to participate in any offers made
and/or such schemes.
The public is invited to consult the Register of Licensees available on its website for
persons/entities which are duly licensed/authorised/registered by the FSC under the
relevant Acts through the link, https://www.fscmauritius.org/en/beingsupervised/register-of-licensees and/or to contact the FSC.
About the FSC
The FSC is the integrated regulator for the non-bank financial services sector and global
business.
The vision of the Commission is to be an internationally recognised Financial Supervisor
committed to the sustained development of Mauritius as a sound and competitive Financial
Services Centre.
In carrying out its mission, the FSC aims to promote the development, fairness, efficiency and
transparency of financial institutions and capital markets in Mauritius; suppress crime and
malpractices so as to provide protection to members of the public investing in non-banking
financial products; and ensure the soundness and stability of the financial system in
Mauritius.
05 November 2021
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