Regulatory Alerts2021-01-01
Securities (Preferential Offer) (Amendment No. 2) Rules 2021
The Financial Services Commission has issued the Securities (Preferential Offer) (Amendment No. 2) Rules 2021 to amend the 2017 Principal Rules governing securities offerings. The amendments explicitly exclude securities offers made by collective investment schemes and closed-end funds, along with Permitted CIS Activities, from the application of these rules. Additionally, rule 8 restricts the definition of investor to those located in Mauritius, with all provisions taking effect on 4 September 2021.
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