Regulatory Alerts2022-08-25
Guidance Notes on Security Token Offerings
The Financial Services Commission of Mauritius updated its guidance notes to align Security Token Offerings with the Securities Act and the 2021 Virtual Asset and Initial Token Offerings Services Act. The framework mandates prior regulatory approval for public offerings, exempts designated sophisticated and expert investors, and requires licensed service providers to conduct rigorous due diligence while fulfilling strict disclosure obligations. Issuers and investors must ensure full compliance, as unlicensed financial services constitute a criminal offence and all STO investments remain at the investor's own risk without statutory compensation.
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