Regulatory Alerts2005-01-01
Practice Notes on Managed Corporate Service Providers
The Financial Services Commission of Mauritius issued these Practice Notes to establish a regulatory framework for Managed Corporate Service Providers (MCSPs) operating under management agreements with established Management Companies. The framework requires MCSPs to maintain segregated assets, records, and financial accounts, designate a Principal Officer, and demonstrate adequate resources while targeting conversion to fully-fledged operations within three years. Non-compliance exposes both the MCSP and its Managing Company to regulatory sanctions, including license revocation or directions to cease operations.
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