ARTICLE
18 November 2020

Financial Services (Exemption From Approval Of Controllers And Beneficial Owners) Rules 2017 (the "Revoked Rule")

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AXIS Fiduciary Ltd

Contributor

Axis Fiduciary Ltd (“Axis”) is a specialist service provider offering a full spectrum of corporate, fiduciary and fund services to a diversified client base. We set up companies, trusts, funds, foundations, partnerships and other legal entities and provide the necessary fiduciary, corporate, secretarial, administration, accounting, tax and other ancillary and support services. Axis is licensed by the Financial Services Commission of Mauritius as a Management Company. We also has a presence in Seychelles
The Financial Services Commission of Mauritius ("FSC") has on the 22 October 2020 issued the Financial Services (Exemption from Approval of Controllers and Beneficial Owners)
Mauritius Finance and Banking

The Financial Services Commission of Mauritius ("FSC") has on the 22 October 2020 issued the Financial Services (Exemption from Approval of Controllers and Beneficial Owners) (Revocation) Rules 2020 (the "Rule") which provides for the revocation of the Financial Services (Exemption from Approval of Controllers and Beneficial Owners) Rules 2017 (the "Revoked Rule"). In that respect, the approval of the FSC under s.23(1) of the Financial Services Act will now be required for the issue or transfer of the type of shares that do not carry voting rights.

Please click HERE to access the Rule.

Please click HERE to access the Revoked Rule.

Originally Published by Axis, November 2020

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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