problem1. prepare short notes on the following:

i) Fixed and floating charge

ii) Application for Banking Licence

iii) Financial Reporting Council

iv) Confidentiality under the Banking Act 2004

v) Joint accounts

problem2. describe how you would proceed in granting a banking licence to a newly incorporated company whose objective is to become a significant player in Mauritian banking sector.

problem3. Highlight the institutional arrangements together with their functions that the Financial Reporting Act 2004 have put in place in the Mauritius.

problem4. ‘The main purpose of the Securities Act 2005 is to ensure a fair, efficient and transparent securities market whereas the main purpose of the Insurance Act 2005 is to improve the soundness of the insurance market in Mauritius.’ describe.