Regulatory Alerts2020-01-01
Financial Services (Investment Banking) (Amendment) Rules 2020
The Financial Services Commission of Mauritius issued these amendment rules to update the 2016 Investment Banking Rules by introducing new shareholder and Chief Executive Officer qualifications. License holders must now ensure that majority shareholders are regulated in Mauritius or an equivalent jurisdiction for at least five years, while the CEO requires a minimum of fifteen years relevant experience. Entities licensed before March 2019 that do not initially meet these criteria must submit a compliance plan to the Commission for approval within a specified timeframe.
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