Regulatory Alerts1994-01-01
Stock Exchange (Investment Clubs) Rules 1994
The Stock Exchange Commission of Mauritius issued these rules to regulate the formation, operation, and registration of investment clubs on its exchange. The regulations mandate that clubs notify the Commission within fourteen days, apply for registration within thirty days, maintain between five and thirty members, appoint designated officers, and utilize a licensed financial intermediary to manage contributions capped at 5000 rupees initially and 3000 monthly. Clubs must adhere to prescribed operational rules, submit required financial records and returns, and follow structured procedures for member admission, expulsion, dissolution, and proportional asset distribution.
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