PROPOSALS FINANCIAL SERVICES PROMOTION AGENCY In accordance with Section 16(1) of the Public Procurement Act
FSPA/PRO/2016-17/030 CONSULTANCY SERVICES FOR THE MAURITIUS INTERNATIONAL
DERIVATIVES AND COMMODITIES EXCHANGE
OPEN ADVERTISED BIDDING
The Financial Services Promotion Agency (FSPA) is inviting
Proposals from eligible and qualified Consultants / Consultancy
Firms, local and overseas, to provide Consultancy Services as per
Invitation for Proposals FSPA/PRO/2016-17/030 with
respect to the MAURITIUS INTERNATIONAL DERIVATIVES AND COMMODITIES
MINDEX is a Government-led project under the 2016 Budget and
will be the first exchange to combine a derivatives' platform
and a commodities' platform for spot trading of gold, diamonds
and other precious stones in the region. The MINDEX project will
therefore transform Mauritius into an international trading centre
and will further act as an enabler in creating tangible and
sustainable spillovers to the economy.
A Consultant / Consultancy firm will be selected under Quality
and Cost Based Selection and procedures described in the document
for Open Advertised Bidding, in accordance with the policies and
procedures for public procurement in the Republic of Mauritius.
2. Scope of Works
The services to be provided by the Consultant shall comprise the
following services as defined in the Terms of Reference of the
A thorough assessment and feasibility
of the project.
A proposal for the corporate
structure of the MINDEX
A proposal for the financing and
business model of the MINDEX;
An assessment of the current legal
and regulatory framework with regards to the MINDEX along with
proposal for amendments;
Develop a framework for collateral
management operations and infrastructure
Thorough assessment of training
Drafting of EOI to invite
The consultancy services shall include the preparation of a
technical report, the necessary corporate structure of the MINDEX
project and the preparation of Expression of Interest
3. Consultation of Open Advertised Bidding (OAB) Documents
And shall be deposited in the Bid Box situated at the 12th floor
of the aforesaid office on 6th February 2017 up to 11.00 hrs (local
time) at latest.
Proposals received after the specified time and date will not be
considered. The envelopes containing the proposals should clearly
indicate the name and business address of the Consultant /
Consultancy firm to enable all late submissions to be returned
5. Opening of Proposal
Prospective Consultancy Firms are hereby informed that proposals
will be opened in the presence of Consultants/ Consultancy
Firms/representatives who choose to attend at the Bid Opening Room,
12th Floor (SICOM Tower) of the Financial Services Promotion
Agency, Wall Street, Ebene, Mauritius on the closing date for the
submission of the proposals, 6thFebruary 2017 at 11.05 hrs (local time).
6. Right to accept/reject any Proposal
The Financial Services Promotion Agency reserves the right to
accept or reject any Proposal and to annul the bidding process and
reject all Proposals at any time prior to award of the Contract,
without thereby incurring any liability to the Consultant/
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Over the last 40 years, the Cayman Islands has matured into one of the world's most sophisticated and successful international financial centres, providing a competitive, effective, transparent, cost-efficient and tax-neutral platform for international capital flows underpinned by an environment of legal, political and economic stability.
In the context of the Private Member's Motion, Cayman Finance strongly urges the movers of the motion and the other members of the House to remain focused on the need to protect the Cayman Islands Financial Services Industry, which is directly responsible for more than half of the Islands' economy, more than half of the government's revenue and employs more Caymanians than any other industry.
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