The FSC grants a custodian license to an applicant who has to be a bank or a trust company that is subsidiary to a bank. The Application is to be accompanied with the applicant’s audited financial statements, list of collective investments schemes for which the applicant proposes to act as custodian. Persons applying for the custodian license as a trust company established as a subsidiary of a bank or a trustee of as trust shall have and maintain minimum stated unimpaired capital of Mauritian rupees 10 million. To submit a copy of the custodian agreement.

default value