Regulatory Alerts2022-01-01
Virtual Asset and Initial Token Offerings Services (Statutory Returns) Rules 2022
The Financial Services Commission of Mauritius has issued the Virtual Asset and Initial Token Offerings Services (Statutory Returns) Rules 2022 to establish comprehensive reporting and compliance obligations for virtual asset service providers operating in the jurisdiction. The rules mandate immediate notification of regulatory breaches, license modifications, and operational changes, while requiring prior approval for material business activity shifts and detailed annual submissions covering client metrics, risk assessments, cybersecurity reviews, and custody arrangements. Applicable to all virtual asset service providers carrying out business in or from Mauritius, these regulations commenced on 1 July 2022 and require annual reports to be filed within four months following the close of each financial year.