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
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Types of Securities Traded |
Name of Trading Systems (cash and derivatives) |
Trading Hours |
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Ordinary shares as well as preference shares, rights and units issued under a trust approved scheme.
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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.
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Official Market: 9:00am to 13:30pm DEM Market: 9:00am to 13:30pm
Monday to Friday
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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
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Value of Transaction |
Stockbroking Company |
SEM |
FSC |
CDS |
Total fee claimed for apportionment |
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Not exceeding 3 million |
0.75 |
0.25 |
0.05 |
0.20 |
1.25 |
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More than 3 million but not exceeding 6 million |
0.70 |
0.25 |
0.05 |
0.15 |
1.15 |
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More than 6 million but not exceeding 10 million |
0.60 |
0.25 |
0.05 |
0.15 |
1.05 |
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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.
2010 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)