Mauritius has enacted laws and/or issued guidance on Artificial Intelligence (AI). Companies subject to Maltese laws and regulations should be familiar with all relevant AI-related laws, regulations, and guidance, including those listed below.
Laws and Regulations
Financial
The Rules establish a licensing and regulatory framework for the provision of digital and personalized advisory services through computer programs or AI-enabled algorithms with limited human intervention. They impose requirements relating to governance, risk management, algorithm robustness and testing, client disclosures, suitability assessments, recordkeeping and independent evaluations of algorithms and software systems.
Responsible Government Organizations
Principles, Studies, & Recommendations
Financial
The FSC issued guidance for its licensees on the responsible use of AI in financial services. The Guidance Notes establish principles and recommended practices addressing areas including fairness and bias mitigation, transparency, accountability, data privacy and security, human oversight, risk management and governance.