Regulatory Alerts2014-01-01
Private Pension Schemes (Administration) Rules 2014
The Financial Services Commission of Mauritius issued these Rules to regulate the licensing, appointment, and administration of private pension schemes. Administrators must act in beneficiaries' best interests, collect contributions, maintain accurate records, and report material changes or resignations to the Commission within specified timeframes. The Rules establish clear procedures for authorisation, termination, and withdrawal of administrative functions while mandating fiduciary duties, anti-money laundering compliance, and transparent reporting to safeguard scheme assets.
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