Mauritius has been selected to host the Permanent Secretariat of the Committee of Insurance, Securities and Non-Banking Financial Authorities, CISNA.
Mauritius had submitted its bid in March 2019 and presently, the Host Agreement is being worked out by the Ministry of Financial Services and the Financial Services Commission (FSC) in collaboration with the Ministry of Foreign Affairs, Regional Integration and International Trade.
The CISNA brings together regulatory authorities in SADC Member States responsible for financial sector activities outside the banking sector such as insurance, securities markets, pension funds, asset managers and non-banking financial institutions. It aims at contributing to the sound regulation, effective supervision and rapid development of the financial services sectors.
The Permanent Secretariat for CISNA will be financed by contributions from member Authorities.