Regulatory Alerts2023-01-01
Guidance Notes on Security Token Offerings and Trading Systems
The Financial Services Commission of Mauritius has issued updated guidance establishing a comprehensive regulatory framework for Security Token Offerings and the licensing of Security Token Trading Systems. The notes classify security tokens as digital representations of traditional securities, mandate a minimum capital of 6.5 million Mauritian rupees for trading platforms, and require robust cybersecurity protocols, designated custody arrangements, annual IT audits, and strict AML/CFT compliance. Issuers may execute public or preferential offerings under existing securities legislation, while licensed trading systems must maintain operational control in Mauritius and adhere to international market infrastructure standards to ensure investor protection and market integrity.