Stock Exchange of Mauritius

www.stockexchangeofmauritius.com

Tel : 230 212 9541
Fax : 230 208 8409

 

Representatives

Chairman : Mr. Gaetan Lan Hun Kuen

Chief Executive : Mr. Sunil Benimadhu

 

 

Types of Securities Traded

Name of Trading Systems

(cash and derivatives)

Trading Hours

 

Ordinary shares as well as preference shares, rights and units issued under a trust approved scheme.

 

 

The complete transaction cycle, from placing of order to settlement, is fully automated. Brokers have an online connection to SEM's Automated Trading System (SEMATS) and they place buy and sell orders through workstations located in their office. When a broker places a sell order, SEMATS automatically verifies whether the securities are available in the CDS system prior to accepting the sell order in the central order book.

 

Official Market: 9:00am to 13:30pm

DEM Market: 9:00am to 13:30pm             

 

Monday to Friday                    

 

 

 

 

Supervising Bodies

Financial Services Commission

Name of Clearing & Settlement Organization

Central Depository & Settlement Co. Ltd

Settlement Cycle

The Central Depository & Settlement Co. Ltd (CDS) provides its services within an online computer system with Participants having direct online access to the system. Trades are settled within a rolling T+3 settlement cycle on a strict Delivery versus Payment (DvP) basis. Final and irrevocable transfer of funds occurs through the central bank with same-day funds on settlement date.

Name of Central Securities Depository

Central Depository & Settlement Co. Ltd

Commissions on Transactions levied by Exchange

 

Value of Transaction
(Rs)

Stockbroking Company
(%)

SEM
(%)

FSC
(%)

CDS
(%)

Total fee claimed for apportionment
(%)

Not exceeding 3 million

0.75

0.25

0.05

0.20

1.25

More than 3 million but not exceeding 6 million

0.70

0.25

0.05

0.15

1.15

More than 6 million but not exceeding 10 million

0.60

0.25

0.05

0.15

1.05

More than 10 million

0.50

0.25

0.05

0.10

0.90

 

 

Taxes on Dividends, Interests    

Foreign investors benefit from numerous incentives such as revenue on sale of shares can be freely repatriated and there are no withholding tax on dividends and no tax on capital gains.

2013 Share ownership thresholds (%)

None, except in the case of foreign investors, where they hold more than 15% in a sugar company.

 

Short selling (Yes / No)

No

Short selling conditions (if any)

 

 

Holiday
24th December
25th December
31st December
1st January
2nd January
17th January
31st January
27th February
12th March
31st March
1st May
29th July
15th August
23rd October
24th December
25th December
31st December
This page was last updated on: 11/12/2013 - 13:32