Unrestricted Investment Advisor
The most comprehensive investment advisory licence in Mauritius — enabling portfolio management and investment advice to both retail and sophisticated investors without restriction.
An Unrestricted Investment Advisor licence is issued by the Financial Services Commission under the Securities Act 2005 and grants the holder the broadest scope of investment advisory and discretionary portfolio management activities available in Mauritius. Unlike the Restricted licence, the Unrestricted Investment Advisor may provide services to all categories of investors including retail clients.
Scope of Activities
An Unrestricted Investment Advisor may provide investment advice, manage discretionary portfolios, conduct investment research, and offer financial planning services to any category of client.
Capital Adequacy
The FSC prescribes minimum capital requirements reflecting the broader scope of activities and client exposure.
Personnel Requirements
The FSC requires that Unrestricted Investment Advisors employ qualified investment professionals with relevant academic qualifications and industry experience.
Client Classification
Unrestricted Investment Advisors must classify clients as retail or professional in accordance with FSC guidelines.
Compliance Framework
Licence holders must maintain a comprehensive compliance framework including a compliance officer, AML/CFT programme, and conflicts of interest policy.
Ongoing Obligations
Annual audited financial statements, compliance officer reports, and FSC returns must be submitted. The FSC conducts periodic on-site inspections.
Ready to establish your Investment Advisor?
Our team will guide you through every step — from initial structuring advice through to incorporation, licensing, and ongoing administration.