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It covers benefits for licensees and stakeholders, including automated portfolio planning, online risk assessments, 24/7 access, lower-cost onboarding, and fraud detection. It also outlines Mauritius rules and legislation, eligibility, application requirements and fees, licence exemptions, eligibility for other licence holders, and minimum capital and ongoing obligations for licence holders.",{"@graph":69,"@context":122},[70,84,105],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":40,"@type":76,"position":81},"https://docshare.wps.com/document/research-report/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/robotic-and-artificial-intelligence-enabled-advisory-services-frequently-asked-questions/500183/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":99,"encodingFormat":97,"isAccessibleForFree":100,"interactionStatistic":101},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/robotic-and-artificial-intelligence-enabled-advisory-services-frequently-asked-questions/500183.png","ImageObject",300,407,{"name":92,"@type":93},"Putri","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-10-21","2026-10-03",true,{"@type":102,"interactionType":103,"userInteractionCount":44},"InteractionCounter",{"@type":104},"ViewAction",{"@type":106,"mainEntity":107},"FAQPage",[108,114,118],{"name":109,"@type":110,"acceptedAnswer":111},"What are Robotic and Artificial Intelligence Enabled Advisory Services?","Question",{"text":112,"@type":113},"They are digital, personalised advisory services delivered through computer programs and/or AI-enabled algorithms with limited human intervention. They are exclusively financial and relate to discretionary and non-discretionary investment and portfolio management.","Answer",{"name":115,"@type":110,"acceptedAnswer":116},"What legislation governs these services in Mauritius?",{"text":117,"@type":113},"The Robotic and Artificial Intelligence Enabled Advisory Services Rules 2021 were issued by the FSC on 12 June 2021. They must be read together with the relevant Acts, FSC Rules, and Guidelines issued from time to time.",{"name":119,"@type":110,"acceptedAnswer":120},"Who can apply for a licence and what are the minimum capital requirements?",{"text":121,"@type":113},"Any company incorporated under the Companies Act 2001 may apply to the FSC in the prescribed format. 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What is meant by Robotic and Artificial Intelligence Enabled Advisory Services?  \nThis type of service refers to the provision of digital and personalised advisory services through a computer program and/or artificial intelligence enabled algorithms with limited human intervention.  \nThese advisory services are exclusively of financial nature and are related to discretionary and non-discretionary investment and portfolio management services for the clients.  \n2. What are the underlying benefits of Robotic and Artificial Intelligence Enabled Advisory Services for licensees/stakeholders?  \nRobotic and artificial intelligence are new and emergent technologies which can seamlessly facilitate automated portfolio planning and asset allocation, online risk assessments, amongst others, for the benefits of licensees/stakeholders of the Financial Services Commission, Mauritius (the “FSC”). Robotic and Artificial Intelligence Enabled Advisory Services can potentially be beneficial as they provide for:  \na. a suite of innovative and automated capabilities compared to traditional investment advisory alternatives;  \nb. low-cost advisory services and solutions;  \nc. easier on-boarding process;  \n[d. no](d. no) limitations on the number of clients to which the advisory services can be offered;  \ne. 24/7 availability of access by clients to advisory services;  \nf. opportunities of tapping into underserved market segments with convenient and affordable services; and  \ng. the ability to spot fraudulent or illegal activities, many of which may be close to impossible for humans to identify.  \n3. What is the relevant legislation for Robotic and Artificial Intelligence Enabled Advisory Services activities in Mauritius?  \nThe Robotic and Artificial Intelligence Enabled Advisory Services Rules 2021 was issued by the FSC on 12 June 2021 to regulate the conduct of this business activity.  \nThese Rules must be read in conjunction with the relevant Acts, FSC Rules and Guidelines which the FSC may issue from time to time.  \n4. Who shall be eligible to apply for a Robotic and Artificial Intelligence Enabled Advisory Services licence?  \nAny company incorporated under the Companies Act 2001 can submit an application to the FSC (in the prescribed format) to provide this business activity.  \nApplications have to be made in accordance with Part IV of the Financial Services Act 2007 (“FSA”).  \n5. Can a holder of a Global Business Licence (“GBL”) apply for a Robotic and Artificial Intelligence Enabled Advisory Services Licence?  \nYes, a holder of a GBL can apply for a Robotic and Artificial Intelligence Enabled Advisory Services Licence.  \n6. What are the requirements for submission of an application for the Robotic and Artificial Intelligence Enabled Advisory Services licence?  \nApplicants will have to:  \na. submit a duly filled application form ;  \nb. submit all information and documents (as stipulated in the licensing criteria) ; and  \nc. pay the applicable fees (Processing Fees-Rs. 20,000 (USD 500); Annual FeesRs. 76,000 (USD 1,900))  \n7. Is it necessary for the holder of a Robotic and Artificial Intelligence Enabled Advisory  \nServices licence to apply for a separate Investment Adviser licence under the Securities Act?  \nNo, the FSC has issued the Securities (Investment Advice) Rules 2021 which exempt the holder of a Robotic and Artificial Intelligence Enabled Advisory Services licence from the need to hold an Investment Adviser licence in order to advise or manage a portfolio of securities for clients.  \n8. Can the holder of an Investment Adviser licence or any other licence holder be  \nengaged in the provision of Robotic and Artificial Intelligence Enabled Advisory Services?  \nYes, such requests may be considered on a case to case basis. In these cases, the FSC will consider the specificities of the requests, as well as, the nature, riskiness and complexity of th","cbCaihNTB77JWHfV","https://ap.wps.com/l/cbCaihNTB77JWHfV","pdf",181178,"English","# What are Robotic and Artificial Intelligence Enabled Advisory Services?\n# What benefits do they offer to licensees/stakeholders?\n# What legislation applies in Mauritius?\n# Who is eligible to apply for a licence?\n# Can a GBL holder apply?\n# What are the submission requirements and fees?\n# Is a separate Investment Adviser licence required?\n# Can other licence holders provide these services?\n# What are the minimum capital requirements?\n# What are the key ongoing obligations?","[{\"question\":\"What are Robotic and Artificial Intelligence Enabled Advisory Services?\",\"answer\":\"They are digital, personalised advisory services delivered through computer programs and/or AI-enabled algorithms with limited human intervention. They are exclusively financial and relate to discretionary and non-discretionary investment and portfolio management.\"},{\"question\":\"What legislation governs these services in Mauritius?\",\"answer\":\"The Robotic and Artificial Intelligence Enabled Advisory Services Rules 2021 were issued by the FSC on 12 June 2021. They must be read together with the relevant Acts, FSC Rules, and Guidelines issued from time to time.\"},{\"question\":\"Who can apply for a licence and what are the minimum capital requirements?\",\"answer\":\"Any company incorporated under the Companies Act 2001 may apply to the FSC in the prescribed format. The licence holder must maintain at all times a minimum unimpaired stated capital of MUR 600,000 (or its equivalent in a foreign currency).\"}]","Robotic and Artificial Intelligence Enabled Advisory Services - Frequently Asked Questions | PDF",1791009347]