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FSC wants to replace CDS as sole National Numbering Agency

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The Financial Services Commission (FSC) has announced it is applying for membership of the Association of National Numbering Agencies (ANNA) and to be recognised as the sole National Numbering Agency (NNA) for Mauritius.

Currently, the Central Depository & Settlement Co. Ltd (‘CDS’) is a member of ANNA and is recognized as the NNA for Mauritius.

The CDS is responsible for codifying financial instruments issued by issuers that are registered in Mauritius and financial instruments in accordance with the ISO-6166 Standard.

The securities for which the CDS allocates ISIN codes include those issued by global business companies registered in Mauritius. The CDS also allocates CFI Codes (Classification of financial instruments) and FISN (Financial Instrument Short Name) to securities in accordance with ISO-10962 and ISO-18774 respectively.

Insofar as only one entity can represent a jurisdiction as an NNA, the FSC is submitting its application to ANNA in replacement of CDS.

Once admitted as a member, the FSC will continue to uphold the obligations towards ANNA and the issuance of ISINs in Mauritius.

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