Regulatory Alerts2022-01-01
Virtual Asset and Initial Token Offerings Services (Risk Management) Rules 2022
The Financial Services Commission of Mauritius issued these rules to impose comprehensive risk management and capital adequacy requirements on virtual asset service providers operating in or from the jurisdiction. The regulations mandate that providers establish and document robust risk assessment strategies covering credit, liquidity, operational, market, and concentration risks while maintaining sufficient unimpaired capital to meet obligations as they fall due. Providers must conduct annual compliance reviews within four months of each financial year end and may utilize insurance policies to mitigate risks, provided they carefully evaluate coverage types, insurer strength, claim timelines, and exclusion clauses.
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