Regulatory Alerts2013-01-01
Private Pension Schemes (Investment) Rules 2013
The Financial Services Commission of Mauritius issued these Rules to regulate the investment practices of licensed private pension schemes. The legislation mandates that each scheme maintain a prudent, written investment policy approved by its governing body and filed with the Commission, while imposing strict concentration limits on foreign investments, single-entity holdings, and real estate. It further standardizes the appointment of pension investment managers, defines fiduciary duties and risk management requirements, and sets a compliance deadline of 1 July 2015 for existing schemes.
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