Regulatory Alerts2020-01-01
Financial Services (Family Office) Rules 2020
The Financial Services Commission of Mauritius issued these rules to establish a comprehensive licensing framework for Family Office (Single and Multiple) entities operating within the jurisdiction. Licensees must maintain minimum capital of USD 35,000 to 70,000, manage at least USD 5 million in aggregate assets, and restrict their client base to defined family members and related wealth structures. The regulations further mandate the appointment of approved officers and money laundering reporting personnel, alongside requirements for professional indemnity insurance, integrated risk management, and annual compliance reporting.
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