Mauritius’ Financial Regulator Joins The Association Of ANNA

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On December 28, the Financial Services Commission (FSC) of Mauritius announced that it became a member of the Association of National numbering Agencies (ANNA). The FSC – the regulator of Mauritius’ non-bank financial markets which comprises securities exchanges, securities trading systems, clearing and settlement facilities, mutual funds and intermediaries – disclosed that its application was approved by ANNA on December 2 2021.

As a member of ANNA, the FSC is the only recognized national numbering agency (NNA) for Mauritius. The FSC will continue upholding the obligations towards ANNA and will therefore be issuing International Securities Identification Numbers (ISINs) to business and firms involving in securities trading in Mauritius. The regulator announced that the ISIN issuance fee stands at $600USD for each ISIN issued, which may be subject to revision. According to the agency, only licensed
 
 clearing 
and
 
 settlement 
facilities in Mauritius will be allowed to charge the fee for each ISIN issued on behalf of the FSC.

The ISIN is designed for use in any application in the administration and trading of securities and other financial instruments. Therefore, ISINs are required for any financial instruments which is registered in Mauritius and not just for financial instruments which have been admitted to trading or listing on the Stock Exchange of Mauritius.

Why ISINs Are Essential For Equity Shares And Other Financial Instruments?

The announcement by FSC Mauritius has brought light about the role of the Association of National Numbering Agencies in the financial markets. The ANNA is an international organization with 90 full members and 27 associates across the world. The members play an important role of allocating ISINs to internationally and locally traded securities issuers in their respective nations. All those involved in trading securities domestically and internationally have to use the ISIN numbering scheme. The ISIN numbers is regarded as the de factor standard for trading securities. ISINs are used for several reasons, including clearing and settlement. For example, currently, an ISIN can be assigned to most types of securities including derivatives, currencies, commodities, T-bills, debt instruments (e.g., bonds), equity shares, units and depositary receipts, rights and warrants, stripped coupons and principals, commercial paper, among others.

On December 28, the Financial Services Commission (FSC) of Mauritius announced that it became a member of the Association of National numbering Agencies (ANNA). The FSC – the regulator of Mauritius’ non-bank financial markets which comprises securities exchanges, securities trading systems, clearing and settlement facilities, mutual funds and intermediaries – disclosed that its application was approved by ANNA on December 2 2021.

As a member of ANNA, the FSC is the only recognized national numbering agency (NNA) for Mauritius. The FSC will continue upholding the obligations towards ANNA and will therefore be issuing International Securities Identification Numbers (ISINs) to business and firms involving in securities trading in Mauritius. The regulator announced that the ISIN issuance fee stands at $600USD for each ISIN issued, which may be subject to revision. According to the agency, only licensed
 
 clearing 
and
 
 settlement 
facilities in Mauritius will be allowed to charge the fee for each ISIN issued on behalf of the FSC.

The ISIN is designed for use in any application in the administration and trading of securities and other financial instruments. Therefore, ISINs are required for any financial instruments which is registered in Mauritius and not just for financial instruments which have been admitted to trading or listing on the Stock Exchange of Mauritius.

Why ISINs Are Essential For Equity Shares And Other Financial Instruments?

The announcement by FSC Mauritius has brought light about the role of the Association of National Numbering Agencies in the financial markets. The ANNA is an international organization with 90 full members and 27 associates across the world. The members play an important role of allocating ISINs to internationally and locally traded securities issuers in their respective nations. All those involved in trading securities domestically and internationally have to use the ISIN numbering scheme. The ISIN numbers is regarded as the de factor standard for trading securities. ISINs are used for several reasons, including clearing and settlement. For example, currently, an ISIN can be assigned to most types of securities including derivatives, currencies, commodities, T-bills, debt instruments (e.g., bonds), equity shares, units and depositary receipts, rights and warrants, stripped coupons and principals, commercial paper, among others.

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