Disclosure details -

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

Sanction Temporarily closed

ABinvesting

Disclosure summary

Disclosure matching Name matching
Disclosure time 2022-11-18
Reason for punishment The entity has been suspended under Sections 74(6)(a) & 27(3) of the Financial Services Act 2007 (“FSA”) respectively with immediate effect on 18 November 2022.

Disclosure details

NOTICE

NOTICE Suspension – Hub Investments Ltd Ref: ENF/18K22/E1 The Financial Services Commission, Mauritius (the “FSC”) hereby informs the public that the Global Business Licence of Hub Investments Ltd (the “Company”) and its Investment Dealer (Full service dealer excluding underwriting) Licence have been suspended under Sections 74(6)(a) & 27(3) of the Financial Services Act 2007 (“FSA”) respectively with immediate effect on 18 November 2022. According to Sections 27(5) & 74(3) of the FSA, the Company: (a) shall cease to carry out the activities authorised under the Licences, but remain subject to the obligations of a licensee and to the directions of the FSC until the suspension of the Licences is cancelled. (b) shall not, except with the approval of the FSC, transact any business. 18 November 2022

Annex