Regulatory Alerts2022-01-01
Financial Services (Consolidated Licensing and Fees) (Amendment No. 3) Rules 2022
The Financial Services Commission amended the First Schedule of its Consolidated Licensing and Fees Rules 2008 to establish a comprehensive fee structure for Variable Capital Companies. The updated schedule specifies processing and annual fees in Mauritian Rupees and US dollars, scaled according to the number of sub-funds, special purpose vehicles, and authorized fund classifications such as Special Purpose Funds and REITs. These regulatory changes commenced on 1 June 2022.
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