Revocation of Authorisation - Yuragi Limited

FSC Mauritius Enforcement Actions

Filed September 30th, 2025

Detected April 1st, 2026

Summary

The Financial Services Commission Mauritius (FSC) has revoked the authorisation of Yuragi Limited (Authorisation No. AU24201449) under section 74(5) of the Financial Services Act. The company has been directed to initiate orderly dissolution and discharge its liabilities in accordance with the Insolvency Act. This enforcement action reflects the FSC's ongoing supervision of authorised entities operating in Mauritius.

View original document View source feed page

What changed

The FSC Mauritius has revoked the authorisation of Yuragi Limited pursuant to section 74(5) of the Financial Services Act, read in conjunction with section 71A(6) which extends Global Business Licence provisions to Authorised Companies. The company, holding authorisation AU24201449, has been directed under section 74(7)(b) to initiate orderly dissolution of its business and discharge liabilities in accordance with the Insolvency Act.

Other authorised entities and compliance officers should review this enforcement action as an indicator of the FSC's supervisory priorities and standards for maintaining authorisation. Companies holding similar authorisations should ensure their governance, reporting, and operational practices remain compliant with FSA requirements to avoid similar action. The FSC contact details are provided for enquiries regarding authorisation compliance matters.

What to do next

Review internal compliance programs to ensure ongoing alignment with Financial Services Act requirements
Verify all statutory obligations under authorisation conditions are being met
Maintain adequate records of dissolution procedures if wind-down is required

Source document (simplified)

REVOCATION NOTICE

Revocation of Authorisation– Yuragi Limited Ref: ENF/30I25/25 The Financial Services Commission, Mauritius (the “FSC”) hereby informs the public that the authorisation of Yuragi Limited, bearing Authorisation No. AU24201449, has been revoked pursuant to section 74(5) of the Financial Services Act (“FSA”). 1 In accordance with section 74(7)(b) of the FSA, Yuragi Limited has been directed to initiate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