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Amendments to the Competency Standards with Respect to Designated Officer for CIS Managers
The Financial Services Commission of Mauritius has issued amended Competency Standards effective 1 January 2016, which eliminate the mandatory appointment of a Designated Officer for Collective Investment Scheme Managers. The consolidated framework establishes minimum technical competencies, structured continuous professional development hours, and record-keeping obligations for licensees across the insurance and securities sectors. Compliance with these updated standards remains mandatory, with non-compliance subject to regulatory directions and administrative sanctions under the Financial Services Act 2007.
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