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Public Notice: Surrender of Foreign Exchange Dealer Licence by Edge Forex Limited

30 May 2008, Bank of Mauritius

Edge Forex Limited was, under section 14 of the Banking Act 2004, licensed by the Bank of Mauritius to operate as a foreign exchange dealer in Mauritius.

By mutual agreement, Edge Forex Limited and First City Bank Ltd decided that the business of Edge Forex Limited would be acquired by First City Bank Ltd.

In terms of section 32(1) of the Banking Act 2004, First City Bank Ltd made an application to the Bank of Mauritius to acquire the business of Edge Forex Limited and the Bank of Mauritius has given its authorization to the said acquisition.

Edge Forex Limited has, accordingly, in terms of section 11(7) of the Banking Act 2004, surrendered its Foreign Exchange Dealer Licence to the Bank of Mauritius and ceased to be a foreign exchange dealer as from 9 May 2008.