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Mauritius: FSC Mauritius and Nigeria Sign MoU on Exchange of Information
Source: SADC Contribution
Source Date: Monday, October 22, 2012
Focus: Institution and HR Management
Country: Mauritius
Created: Oct 22, 2012

The MoU establishes a common framework of cooperation between both regulatory bodies to foster mutual assistance and facilitate exchange of information in their respective duties. Through the MoU, both the FSC and the SEC acknowledge the importance of regional co-operation into developing and maintaining a sound domestic financial services industry in Mauritius and Nigeria.
It also underlines the importance of increasing international activities in the supply of financial services and the corresponding need for mutual co-operation and sharing of information with regard to the administration, enforcement of laws, regulations and rules in the financial services industry of the two countries.
According to Ms Ah-Hen the MoU with the SEC of Nigeria reinforces FSC’s commitment to ensure effective cross-border cooperation, information sharing and capacity building with its African counterparts. She pointed out that the FSC has collaborated closely in the past with members of the Africa/Middle East Regional Committee (AMERC) Sub-Committee of the IOSCO adding that the MoU will further strengthen cooperation in this field.
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