10 February 2011, Bank of Mauritius
On 23 July 2008, Storm Rain Co. Ltd was, under Section 14(5) of the Banking Act 2004 (Act), granted a money-changer licence to carry on the business of money-changer in Mauritius.
In terms of Sections 16 and 11(7) of the Act, Storm Rain Co. Ltd applied to the Bank for the surrender of its money-changer licence with effect from 31 January 2011.
The public is hereby informed that the Bank has accepted the surrender of the moneychanger licence of Storm Rain Co. Ltd. Storm Rain Co. Ltd therefore no longer holds a money-changer licence and has ceased to conduct money-changer business in Mauritius as from 31 January 2011.
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