Regulatory Alerts2021-01-01
Financial Services (Special Purpose Fund) Rules 2021
The Financial Services Commission of Mauritius issued these Rules to establish a regulatory framework authorizing collective investment schemes and closed-end funds as special purpose funds. Authorized entities must conduct private placements exclusively to a maximum of fifty experienced investors with minimum subscriptions of one hundred thousand US dollars, while ensuring core management and administration activities remain based in Mauritius. The Commission retains full authority to impose conditions, withdraw or accept the surrender of authorizations for non-compliance, and mandates audited financial reporting while granting targeted disclosure exemptions.
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