The FSPA Launches Competency-Based Trainings for The Upskilling of Professionals

The Financial Services Promotion Agency (FSPA), through its Capacity-Building Department, operating as the Financial Services Institute (FSI), has launched a series of Competency-Based Trainings starting the 24th October 2017.

The series of trainings have been tailored for professionals in the financial services sector to address new challenges and opportunities for the Mauritius IFC.

“It is high time for the FSI to start catering for the growing needs of training of our local players. At the Board level, we have given a new strategic thrust to ensure that the trainings not only meet the needs of the industry, but also sharpen the acumen of our impressive pool of talent,” said Gerard Sanspeur, Chairman of the FSPA.

The first course addressed the new opportunities for the Mauritius IFC under the amended Mauritius – India Tax Treaty, with particular reference to Capital Gains Tax and Taxation of Interest Income. The session, delivered by Mr. Mustapha Mosafeer, Tax Consultant at the FSC, saw the participation of over 60 professionals from the global business sector.

“From interactive discussions with the local industry, it appears that the renegotiation has significant impact on the Global Business sector. The course has been designed to showcase the opportunities arising through the new provisions of the DTAA,” said Mohamed Khan, Head of the FSI.
As a result of the great interest in the above course, a new session will be held on Thursday 23rd November 2017, at 10:00 a.m.

It is also noteworthy that the FSPA, through the FSI, has been delivering Employability Programmes for unemployed graduates and HSC holders to boost their employability skills. From October 2016 till date, more than 500 participants have followed the programme with good success rate in terms of their ability to secure jobs more easily on the market.

“Given the fact that the financial services industry is very much knowledge-oriented, the FSPA is well-embarked on delivering high-quality bespoke courses. These courses will cover latest developments and provide practical insights to our players,’” said Faraz Rojid, Officer in Charge of the FSPA.

Subsequent programmes, designed in collaboration with the different stakeholders and focussing on specialist areas, will be delivered by experts in the field on the following dates:

• The Use of Trusts in Estate Planning - Thursday 09th November 2017, at 10:00 a.m.
• Updates on New Regulations Financial Crime and Anti-Money Laundering - Thursday 16th November 2017, at 10:00 a.m.

Participation remains free of charge.
                                                                                                                                                                                                         25th October 2017.