The Financial Services Commission, Mauritius (FSC) has appointed a new Director of Authorisation and Supervision with the uncannily suitable name of Mrs Renu Audit.

Mrs Audit is a lawyer by training, with more than 25 years of experience in "regulatory environments" in India, the UK and Mauritius itself. Over last two decades, she has gained extensive knowledge of financial regulations and of business conductin Mauritius, having worked with both regulators and the private sector there. She has also served on national committees and international fora.

Mrs Audit started her career as a practising advocate before the Supreme Court of India before she joined the Mauritius Offshore Business Activities Authority (MOBAA), an all-in-one regulator and promotional agency that was typical of the offshore sector in the 1990s, when the Mauritius Offshore Business Activities Act 1992 was passed. This turned into the FSC in 2001.

In this agency, before and after its name-change, she headed up the Legal and Enforcement division between 1999 and 2008. She also held the position of Group Legal Counsel at a listed financial services conglomerate called Cim Group in Mauritius between 2008 and 2017. She more recently served as counsel at the global law firm of Dentons in Mauritius, concentrating on private equity, mergers and acquisitions, corporate governance and capital markets. She has been called to the bar in both India and Mauritius. She also holds qualifications in international trust management, financial management and something called the "Oxford Fintech  programme."

As per the Securities Act 2005 , the FSC is the regulator of the non-bank financial markets in Mauritius which comprises Securities Exchanges, clearing and settlement facilities and securities trading systems on the one hand and Collective Investment Schemes and intermediaries on the other.