Pascal Niedermann, CEO of BEX Mauritius Block Exchange, with Trading Securities System Licence, issued by the FSC on March 23, 2023
Cyber City (Mauritius), March 30, 2023:
BEX Mauritius Block Exchange (BEX) announced today that the Financial Services Commission (FSC) Mauritius certified that BEX Mauritius Block Exchange has been issued with a Trading Securities System Licence pursuant to Section 11 of the Securities Act 2005, the Securities (Licensing) Rules 2007 and the Financial Services (Consolidated Licensing and Fees) Rules 2008.
Effective immediately, BEX Mauritius Block Exchange operates the world’s first regulated operational security token trading platform with the Trading Securities System Licence number GB22200392, providing retail users and corporate issuers from around the world with 24/7 direct access to security token trading without intermediaries.
After the FSC granted to BEX in November 2022 the in-principle approval for a Securities Trading Systems License, the issuing of the license required the regulator to amend the Guidance Notes on Security Token Offerings and Security Token Trading Systems, enabling a Securities Trading System licensed under Section 11 of the Securities Act to hold custody of Security Tokens. This amendment was completed and published on March 15, 2023, allowing the FSC to officially issue its first-ever Securities Trading Systems License under the Mauritius Securities Act of 2005 to Mauritius Block Exchange for operating a security token trading platform.
BEX is now open for business and ready to onboard exciting new and established companies with a simple listing process to access the global capital markets. New issuers on BEX get their shares traded as security tokens on a regulated security token trading platform, with no custody fees, low trading fees, low listing fees, and unlimited 24/7 trading access without intermediaries.
About BEX:
BEX Mauritius Block Exchange (BEX), with the company registration number C187066, is regulated by the Financial Services Commission (FSC) Mauritius, with the Trading Securities System Licence number GB22200392. BEX is the world’s first regulated operational security token trading platform that provides retail users and corporate issuers from around the world with 24/7 direct access to security token trading without intermediaries. Simple, secure, transparent. BEX offers the tokenization of traditional securities, the listing and the trading of security tokens,
available to any holder of a BEX Trading Account. Open your BEX Trading Account in less than 1 minute at www.bex.global/registration.
About FSC:
Financial Services Commission (FSC) Mauritius is the integrated regulator of the Republic of Mauritius for the non-bank financial services sector and global business. Established in 2001, the FSC is mandated under the Financial Services Act 2007 and has as enabling legislations the Securities Act 2005, the Insurance Act 2005, the Private Pension Schemes Act 2012, and the Virtual Asset and Initial Token Offering Services Act 2021 to license, regulate, monitor, and supervise the conduct of business activities in these sectors. The Republic of Mauritius is also a full member of the International Organization of Securities Commissions (IOSCO), the international body that brings together the world’s securities regulators and is recognized as the global standard setter for the securities sector. It works intensively with the G20 and the Financial Stability Board (FSB) on the global regulatory reform agenda and to address emerging financial vulnerabilities affecting global financial stability.