Regulatory Alerts2022-08-25
Added · Updated
Guidance Notes - Recognition of Virtual Asset as an Asset Class for Investment by Sophisticated and Expert Investors
The Financial Services Commission of Mauritius has issued updated guidance notes formally recognizing virtual assets as a distinct investment asset class for sophisticated investors, expert investors, and specialized collective investment schemes. Aligning with the 2021 Virtual Asset and Initial Token Offerings Services Act, the document clarifies regulatory definitions for virtual asset service providers while confirming that these investments remain high-risk and outside statutory compensation protections. The regulator mandates that participants conduct thorough risk assessments before committing capital, ensuring only financially literate and knowledgeable market actors engage with volatile digital representations of value.
More like this from FSC
FSC published 1 document in the last 30 days. We email you each new one the day it's published.