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News & Analysis

Mauritius: Amendments to the Financial Services (Special Purpose Fund) Rules 2021

21 April 2021 by Tania Li, 5 Fifteen Barristers

The Financial Services (Special Purpose Fund) Rules 2013 applicable to collective investment schemes and closed-end funds (schemes) authorised by the FSC were recently revamped on 6 March 2021 by the proclamation of the Financial Services (Special Purpose Fund) Rules 2021 (the Rules).
News & Analysis

Mauritius: Amendments to the Securities (Preferential Offer) Rules 2017

21 April 2021 by Tania Li, 5 Fifteen Barristers

Private placements of equity securities or debt securities in Mauritius were not subject to any legislative framework until fairly recently.
News & Analysis

Mauritius: The evolution of the global business sector in Mauritius and impending changes in June 2021

21 April 2021 by Tania Li, 5 Fifteen Barristers

The global business sector was established in the early 1990s to attract foreign investment into Mauritius and has gradually become one of the pillars of the economy today.
News & Analysis

Mauritius on the grey list: one year on (Part 4)

12 April 2021 by Kunal Ramnah, Barrister, 5 Fifteen Barristers

Part 4 - Regulation of the Real Estate Sector – AML/CFT Framework. As explained in Part 3 of our series, the real estate sector is identified as being highly exposed to the risk of money laundering. Real estate agents are therefore prone to being the target of criminals for hiding illicit gains, which is why they can undoubtedly play a pivotal role in the detection of a suspicious transaction/activity.
News & Analysis

Mauritius on the grey list: one year on (Part 3)

24 March 2021 by Nicholas Ng, Barrister, 5 Fifteen Barristers

Part 3 – Mauritius’ Regulatory Approach to Real Estate Agents. Real estate is identified as a sector that is highly exposed to the risk of money laundering.

News & Analysis

Mauritius on the grey list: one year on (Part 2)

16 March 2021 by Tania Li, Barrister, 5 Fifteen Barristers

Part 2 – 5 ways Mauritius enhanced its AML/CFT framework for financial services in the last year. This article summarises the main legislative changes that have been introduced since the grey-listing of Mauritius in March 2020.

News & Analysis

Mauritius on the grey list: one year on (Part 1)

25 February 2021 by Tania Li, Barrister, 5 Fifteen Barristers

Since the FATF classified Mauritius as a “Jurisdiction under Increased Monitoring” in March 2020, the authorities have sought to address the highlighted discrepancies. Mauritius has made progress on a number of the recommended actions to improve technical compliance and effectiveness. This four-part series summarises the salient changes to the regulatory landscape in respect of financial services and the real estate sector.