MAU CB Primary Dealers Operation


On Sep. 20, MAU CB issued revised operational framework guidelines.


  • MAU CB issued revised guidelines on the operational framework of primary dealers.
  • Issued authority of bank of Mauritius act 2004, s 50 and banking act 2004, s 100.
  • Overview
  • Applies to all primary dealers appointed by MAU CB under bank of Mauritius act 2004, s 6(1)(x), with primary dealer selection based on a minimum Tier 1 capital of Rs4bn.
  • And average bid of Rs200mn of securities at primary auction over the last six months.
  • And noted that evidence of secondary market trading would be an added advantage.
  • Guidelines included information on appointment, primary dealer obligations, MAU CB monitoring, primary and secondary market benefits, code of conduct and termination.
  • Effectiveness
  • The guideline is effective from Sep. 1, 2021.

Regulators MAU CB
Entity Types B/D; Bank; Inv Co
Reference Gd, PR, 9/20/2021
Functions Compliance; Financial; Legal; Reporting
Countries Mauritius
Products Banking; Fixed Income; Issuance/IPO; Loan; Private Placements; Securities
Regions EMEA
Rule Type Guidance
Rule Date 9/20/2021
Effective Date 9/1/2021
Rule Id 116282
Linked to N/A
Reg. Last Update 9/20/2021
Report Section International

Last substantive update on 09/20/2021