ARTICLE
19 August 2021

The Financial Services Commission Has Issued A Consultation Paper On The Regulatory Framework For Structured Investment-linked Insurance Business In Mauritius

AF
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 ("FSC") has issued a consultation paper on 16 August 2021 proposing to establish a regulatory framework for Insurance Wrappers, as announced in the National Budget 2020-2021.
Mauritius Finance and Banking

The Financial Services Commission ("FSC") has issued a consultation paper on 16 August 2021 proposing to establish a regulatory framework for Insurance Wrappers, as announced in the National Budget 2020-2021.

The FSC is proposing to introduce this new product within the Insurance Act 2005 as a fifth class of long term insurance business, and to use the term Structured Investment-Linked Insurance Business ("SILIB") instead of the term Insurance Wrapper. More information can be found on the full consultation paper HERE.

Any feedback, comments and suggestion in relation to the regulatory framework proposed in this Consultation Paper can be sent on the following email address: silib@fscmauritius.org by 16 September 2021.

You may access the full FSC communique HERE.

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.

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More