Regulatory Alerts2012-01-01
Private Pension Schemes (Licensing and Authorisation) Rules 2012
The Financial Services Commission of Mauritius promulgated these Rules to standardize the licensing and authorisation frameworks for domestic private pension schemes and foreign pension schemes operating locally. The regulations dictate detailed application procedures, required documentation, processing fees, and substantive conditions regarding beneficiary protection, anti-discrimination practices, internal controls, and money laundering compliance. Additionally, the Rules mandate specific transfer value calculations for departing members, validate pre-2023 schemes' constitutive documents against statutory requirements, and define the validity periods for all issued licences and authorisations.
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