Regulatory Alerts2021-01-01
Financial Services (Crowdfunding) Rules 2021
The Financial Services Commission of Mauritius issued the Financial Services (Crowdfunding) Rules 2021 to establish a mandatory licensing and operational framework for crowdfunding platforms operating domestically. The regulations require platform operators to maintain MUR two million in capital, implement robust governance and cybersecurity controls, and conduct thorough due diligence on issuers and retail investors, who are subject to a MUR 350,000 investment cap over twelve months. Platforms must segregate client funds, prominently disclose risk and failure rates, enforce a 48-hour withdrawal window, and manage conflicts of interest to guarantee transparency and fair treatment across the ecosystem.
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