Gazetted on the 5 August 2021, the Finance (Miscellaneous provisions) Act, brings about amendments made to the legislative structure of the Mauritian jurisdiction. In the previous segment of the Axis and BLCR Finance Act series we highlighted the key amendments implemented to Business Vehicles for a more streamlined structuring process which can be accessed HERE.
This fourth section of the Axis & BLCR Finance act series covers the legislative amendments made to the "Regulatory and Compliance" sector, highlighting the key amendments made to the Bank of Mauritius Act, Banking Act, Economic Development Board Act, Financial Intelligence and Anti-Money Laundering Act, Financial Reporting Act, Financial Services Act, Information and Communication Technologies Act, Insurance Act, Interpretation and General Clauses Act, Local Government Act, Merchant Shipping Act, Prevention of Corruption Act, Prevention of Terrorism Act and United Nations (Financial Prohibitions, Arms Embargo and Travel Ban) Sanctions Act 2019. The amendments aim to solidify the position of the Mauritius as a jurisdiction compliant to international regulatory standards.
Please click HERE to read the Regulatory and Compliance section of the Axis and BLCR Finance act series.
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.