Regulatory Alerts2021-01-01
Securities (Preferential Offer) (Amendment) Rules 2021
The Financial Services Commission of Mauritius amended the Securities (Preferential Offer) Rules 2017 to clarify their territorial scope and update approval procedures for preferential securities offerings. The revisions exclude foreign-incorporated issuers and those offering exclusively to non-residents, while mandating shareholder approval with annexed information for equity offers and constitutional document compliance for debt offerings. Additional textual amendments refine cross-references, update regulatory authority identification under the IOSCO Multilateral Memorandum of Understanding, and establish an effective date of 3 April 2021.
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