Committee of Insurance, Securities
and Non-Banking Financial Authorities

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Mauritius

The Republic of Mauritius is situated in the south west Indian Ocean, approximately 2,400 km from the south east coast of Africa, located just to the north of the Tropic of Capricorn. The island is only 67 km in length and 46 km at its widest point, with a total land area of 2,040 km², owing its origins to submarine volcanic activity. Although the volcanoes are long since dormant, they have left their mark on the profile and landscape of the island. As a political entity, the Republic includes not only the island of Mauritius but also the tiny island of Rodrigues some 563 km to the east, as well as the Cargados Carajos Archipelago (St. Brandon) and the two virtually uninhabited Agalega islands, 400 km to the north east and 1,000 km to the north of Mauritius respectively.

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Head of Authority: Mr Dhanesswurnath Thakoor

Sectors being Supervised:

  •  Non-Bank Financial Services Sector and Global Business
  •  Capital Markets
  •  Investments Funds and Intermediaries
  •  Insurance and Pensions
  •  Entities licensed under Second Schedule of the Financial Services Act 2007
  •  Global Business
  •  FinTech (or specific licences)

The Committee of Insurance, Securities and Non-Banking Financial Authorities (CISNA) was established in 1998, pursuant to Annexure 10 of the SADC Protocol on Finance and Investment as a committee of authorities responsible for the supervision of insurance, securities, and non-banking financial institutions (NBFI) in SADC Member States. CISNA is part of the Directorate of Finance, Investment and Customs of the SADC Secretariat and reports to the SADC Committee of Ministers of Finance and Investment through the Committee of Senior Treasury Officials.

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