Regulatory Alerts2012-01-01
Private Pension Schemes (Disclosure) Rules 2012
The Financial Services Commission of Mauritius issued these rules to mandate transparent disclosure practices for licensed private pension schemes. Administrators and sponsoring employers must provide prospective members with eligibility summaries, deliver annual written benefit statements detailing contributions and accrued values, and disclose investment options, risks, costs, and performance metrics. The regulations also guarantee beneficiaries the right to request annual reports and constitutive documents, establish clear grounds for information refusal, cap disclosure fees at reasonable levels, and require timely notifications during scheme termination.
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