Stock Exchange Logo Stock Exchange Logo
  • About Us
    • Facts & Figures
    • SEM at a glance
    • SEM Stories
    • SEM Group Structure
    • Board of Directors
    • Management Team
    • Market Data Policy
    • Find a Broker
    • Find a Market Marker
    • Trading | Settlement Holidays
  • Products & Market Data
    • EQUITIES BOARD
      • Trading quotes
        Official DEM
      • Trading Data
        Official DEM
      • Market Watch
        Official DEM
      • Market Movers
        Official DEM
      • Interactive Charting
    • AFRICA BOARD
      • Trading Quotes
      • Trading Data
    • SEM X SEGMENT
      • Trading Quotes
      • Trading Data
      • SPECIALIST DEBT SECURITIES
      • DEBT SECURITIES
      • STRUCTURED PRODUCTS
      • ETFs
      • FUNDS
      • INDICES
  • Listing & Issuer Services
    • LISTING ON SEM
      • Listing Process
      • Listing Rules
        Official Market DEM
      • Admission Requirements
        Official Market DEM
      • Post Listing Requirements
        Official Market DEM
      • Listing Fees
        Official Market DEM
    • ISSUER SERVICES
      • Corporate Announcements
        Official Market DEM
      • Published Accounts
        Official Market DEM
      • Accredited Professionals
      • Reference Centre
      • Contact Listing Division
  • Education & Investor Services
    • INVESTOR EDUCATION
      • Trade on SEM in 2 Steps
      • Online Courses
      • Publications
      • SEMYIA Trading Game
      • Investor Education FAQs
      • Financial Analysis Reports
    • INVESTOR SERVICES
      • mySEM
      • mySEM Manual
      • Educational Video Gallery
      • Select Advertising on SEM
      • Investor Protection & Complaint
      • AELP
  • Regulations & Governance
    • Regulatory Framework
    • Corporate Governance
    • SEM Rules
    • Other Rules & Regulations
    • Transaction Fees
  • CDS
    • Introduction
    • Ownership, Structure & Participants
    • Corporate Governance
    • Legal & Regulatory Framework
    • Depository Services
    • Clearing & Settlement Services
    • Risk Management
    • Disaster Recovery
    • ISINs
    • Annual Reports
    • CPMI-IOSCO Principles for FMIs & AGC Questionnaire
    • Contact CDS

MENU

  • About Us
    • Facts & Figures
    • SEM at a glance
    • SEM Stories
    • SEM Group Structure
    • Board of Directors
    • Management Team
    • Market Data Policy
    • Find a Broker
    • Find a Market Marker
    • Trading | Settlement Holidays
  • Products & Market Data
    • EQUITIES BOARD
      • Trading quotes
        • Official
        • DEM
      • Trading Data
        • Official
        • DEM
      • Market Watch
        • Official
        • DEM
      • Market Movers
        • Official
        • DEM
      • Interactive Charting
    • AFRICA BOARD
      • Trading Quotes
      • Trading Data
    • SEM X SEGMENT
      • Trading Quotes
      • Trading Data
    • SPECIALIST DEBT SECURITIES
    • DEBT SECURITIES
    • STRUCTURED PRODUCTS
    • ETFs
    • FUNDS
    • INDICES
  • Listing & Issuer Services
    • LISTING ON SEM
      • Listing Process
      • Listing Rules
        • Official Market
        • DEM
      • Admission Requirements
        • Official Market
        • DEM
      • Post Listing Requirements
        • Official Market
        • DEM
      • Listing Fees
        • Official Market
        • DEM
    • ISSUER SERVICES
      • Corporate Announcements
        • Official Market
        • DEM
      • Published Accounts
        • Official Market
        • DEM
      • Accredited Professionals
      • Reference Centre
      • Contact Listing Division
  • Education & Investor Services
    • INVESTOR EDUCATION
      • Trade on SEM in 2 Steps
      • Online Courses
      • Publications
      • SEMYIA Trading Game
      • Investor Education FAQs
      • Financial Analysis Reports
    • INVESTOR SERVICES
      • mySEM
      • mySEM Manual
      • Educational Video Gallery
        • Video 6
        • Video 5
        • Video 4
        • Video 3
        • ESG Demistification
      • Select Advertising on SEM
      • Investor Protection & Complaint
      • AELP
  • Regulations & Governance
    • Regulatory Framework
    • Corporate Governance
    • SEM Rules
    • Other Rules & Regulations
    • Transaction Fees
  • CDS
    • Introduction
    • Ownership, Structure & Participants
    • Corporate Governance
    • Legal & Regulatory Framework
    • Depository Services
    • Clearing & Settlement Services
    • Risk Management
    • Disaster Recovery
    • ISINs
    • Annual Reports
    • CPMI-IOSCO Principles for FMIs & AGC Questionnaire
    • Contact CDS
  • Contact
2111

CDS

    • Home
    • •
    • CDS
    • •
    • Legal & Regulatory Framework

Legal & Regulatory Framework

The Securities (Central Depository, Clearing and Settlement) Act 1996 provides the legal framework for the operations of the CDS

The Securities (Central Depository, Clearing and Settlement) Act 1996 includes provisions for:

  • Depository, clearing and settlement services;
  • The development of systems in which securities can be issued and transferred without any certificate;
  • The Bank of Mauritius to act as the clearing bank for the settlement of funds;
  • The establishment and maintenance of a Guarantee Fund;
  • Duty of confidentiality as regards information recorded in the CDS system.

The CDS is regulated by the Financial Services Commission under the Securities (Central Depository, Clearing and Settlement) Act 1996, the Securities Act 2005 and the Financial Services Act 2007. The day-to-day activities of the CDS are governed by the CDS Rules and Procedures. The CDS Rules and any amendment thereto are approved by the Financial Services Commission.

Documents to download: 

Securities (Central Depository, Clearing and Settlement) Act 1996
CDS Rules
CDS Rules - Schedule of Financial Resource Requirements
CDS Procedures
CDS Guarantee Fund Procedures

  • Disclaimer
World Federation of Exchange
Copyright © 2025 Stock Exchange of Mauritius.