Mauritius:
Financial Services (Exemption From Approval Of Controllers And Beneficial Owners) Rules 2017 (the "Revoked Rule")
18 November 2020
AXIS Fiduciary Ltd
To print this article, all you need is to be registered or login on Mondaq.com.
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.
POPULAR ARTICLES ON: Finance and Banking from Mauritius
Economic Substance In The Cayman Islands
Mourant
The International Tax Co-operation (Economic Substance) Act (2020 Revision) (as amended, the Substance Law) imposes economic substance requirements on companies, LLCs and LLPs in the Cayman Islands.
Using Jersey For Your UK REIT
Mourant
Following a revision to Chapter 7 of the Listing Rules of the The International Stock Exchange, it has now become easier to list the shares of a Jersey company that qualifies as a REIT for UK purposes.
Channel Islands Funds Quarterly Update: Q4 2020
Ogier
Two amendments to Jersey's Economic Substance legislation https://statesassembly.gov.je/assemblypropositions/2020/p.172-2020.pdf were lodged by the Minister for External Relations on 29 December.
