Revocation of Yukai Limited Authorisation

FSC Mauritius Enforcement Actions

Filed September 30th, 2025

Detected April 1st, 2026

Summary

The Financial Services Commission Mauritius has revoked the authorisation of Yukai Limited (AU24201457) under section 74(5) of the Financial Services Act. The company has been directed to initiate orderly dissolution proceedings and discharge its liabilities in accordance with the Insolvency Act. This enforcement action affects Yukai Limited's ability to conduct regulated financial services activities in Mauritius.

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What changed

The FSC Mauritius has revoked Yukai Limited's licence (AU24201457) effective 30 September 2025, pursuant to section 74(5) of the Financial Services Act. The revocation follows the statutory framework under section 71A(6), which applies sections 44(6), 73A, 74, and 75 of the FSA to Authorised Companies. Case reference ENF/30I25/24 identifies this enforcement matter.

Yukai Limited must now initiate orderly dissolution of its business and discharge all liabilities under section 74(7)(b) and the Insolvency Act. Any regulated entities, counterparties, or investors affiliated with Yukai Limited should verify their obligations and transition arrangements immediately. The FSC has issued this public notice to inform affected parties of the revocation and dissolution requirements.

What to do next

Yukai Limited must initiate orderly dissolution proceedings per section 74(7)(b) of the FSA
Discharge all outstanding liabilities in accordance with the Insolvency Act
Affiliated entities and counterparties should verify and transition any existing arrangements with Yukai Limited

Penalties

Authorisation revoked; directed to dissolve and discharge liabilities under the Insolvency Act

Source document (simplified)

REVOCATION NOTICE

Revocation of Authorisation– Yukai Limited Ref: ENF/30I25/24 The Financial Services Commission, Mauritius (the “FSC”) hereby informs the public that the authorisation of Yukai Limited, bearing Authorisation No. AU24201457, has been revoked pursuant to section 74(5) of the Financial Services Act (“FSA”). 1 In accordance with section 74(7)(b) of the FSA, Yukai Limited has been directed to initiate the necessary actions for the orderly dissolution of its business and the discharge of its liabilities in accordance with the Insolvency Act. 30 September 2025

1 Section 74(5) is to be read in conjunction with Section 71A (6) of the FSA, which provides that “Sections 44(6), 73A, 74 and 75 shall apply to an Authorised Company in the same way as they apply to the holder of a Global Business Licence, as if a reference to a holder of a Global Business Licence is a reference to an Authorised Company and a reference to Global Business Licence is a reference to an authorisation issued under section 71A.” Financial Services Commission FSC House, 54 Cybercity Ebene, 72201 Mauritius www.fscmauritius.org T: (+230) 403-7000 F: (+230) 467-7172 E: mail@fscmauritius.org

Named provisions

Section 74(5) - Revocation of Authorisation Section 74(7)(b) - Dissolution Direction Section 71A(6) - Authorised Company Provisions Section 73A - Application of Provisions to Authorised Companies