Regulatory Alerts2022-01-01
Virtual Asset and Initial Token Offerings Services (Client Disclosure) Rules 2022
The Financial Services Commission of Mauritius issued the Virtual Asset and Initial Token Offerings Services (Client Disclosure) Rules 2022 to mandate comprehensive, clear, and fair disclosure obligations for virtual asset service providers operating in or selling into the country. The rules require providers to transparently communicate client rights, conflicts of interest, execution factors, risk profiles (including volatility and security), fee structures, and custody arrangements before delivering services. Providers must maintain accurate records for at least seven years, ensure advertisements and performance claims are substantiated and not misleading, and comply with these standards effective 1 July 2022.
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