VAITOS Class S -Marketplace/Exchange
License for operating virtual asset exchange marketplace with order matching, settlement, and surveillance.
VAITOS Act 2021, FSC Exchange Guidance
Capital Required
MUR 6,500,000 (approx. USD 146,000)
Timeline
4-6 months
Fees
USD 2,000-3,000 application + USD 3,000-5,000 annual
Regulatory Body
Financial Services Commission (FSC) Mauritius
Legislative Framework
Virtual Asset and Initial Token Offering Services Act 2021 (VAITOS Act), Financial Services Act 2007, Securities Act 2005
Last updated: August 2025
Key Requirements
Minimum paid-up capital of MUR 6,500,000 with quarterly maintenance at minimums and FSC certification
Order-matching and settlement infrastructure with documented matching algorithms and procedures per FSC
Comprehensive market surveillance systems with real-time monitoring for abuse, manipulation, and trading
Chief Risk Officer and Chief Compliance Officer with exchange operations and market conduct experience
Professional indemnity and cyber liability insurance of minimum MUR 1,500,000 for platform security
Fair and transparent fee schedules with clear disclosure of all charges and published market rules
Market circuit breaker mechanisms and trading halts procedures documented in rules with FSC pre-approval
Quarterly market surveillance reports identifying suspicious transactions, violations, and corrective actions
Application Process
Submit VAITOS Class S marketplace license application with detailed business model and surveillance
Provide organizational structure with management CVs for Chief Risk Officer and Chief Compliance Officer
Include comprehensive compliance manual with market conduct rules, surveillance, and settlement procedures
Submit evidence of minimum capital MUR 6,500,000 and insurance certificates for both coverages
Provide detailed market surveillance technology documentation and testing results for abuse detection
FSC review and approval following evaluation of governance, risk management, and surveillance framework
Expected Total Timeline
4-6 months
Ongoing Obligations
After obtaining your VAITOS Class S -Marketplace/Exchange, these are the continuing compliance requirements you must maintain.
Quarterly capital adequacy reports and annual independent audit by FSC-approved auditors
Monthly market surveillance reports identifying suspicious activity, violations, and regulatory referrals
Annual fit-and-proper assessments for Chief Risk Officer and Chief Compliance Officer with updates
Quarterly market surveillance committee meetings with documented review of patterns and actions
Annual review and update of exchange rules and fees with FSC notification within 10 days
Maintain professional indemnity and cyber liability insurance continuously with annual renewal certificates
Cost Summary
Capital Requirement
MUR 6,500,000 (approx. USD 146,000)
Application & Licensing Fees
USD 2,000-3,000 application + USD 3,000-5,000 annual
Jurisdiction Setup Cost
$15,000-$35,000
Annual: $20,000-$50,000
Other Mauritius Licenses
Explore other license types available in Mauritius.
VAITOS Class M -Broker-Dealer
VAITOS Class O -Wallet & Transfer
VAITOS Class R -Custodian
VAITOS Class I -Advisory
Need help with VAITOS Class S -Marketplace/Exchange?
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