ARTICLE
5 August 2020

FSC – Regulatory Relief On Filing And Reporting Obligations

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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
Regulatory relief on filing and reporting obligations for licensees with financial year ended 30 June 2020 and Quarterly/Interim Financial Statements quarter ending 31 July 2020 to 30 September 2020
Mauritius Finance and Banking

Regulatory relief on filing and reporting obligations for licensees with financial year ended 30 June 2020 and Quarterly/Interim Financial Statements quarter ending 31 July 2020 to 30 September 2020

Further to the Communiqué on 'Regulatory relief on filing and reporting obligations' issued by the Financial Services Commission (the "Commission") on 12 June 2020 and in view of the representations made by stakeholders, the Commission wishes to inform entities licensed/registered with the Commission, including entities registered as Reporting Issuers (together the "Licensees"), that the Commission will not charge administrative penalties in respect of late filing of audited financial statements/annual reports and quarterly/interim financial statements (together the "financial statements"), provided that they are filed with the Commission on or before 30 November 2020, as indicated in the hereunder table:

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The Commission wishes to inform that no further request for extension will be granted in relation to the filing of the financial statements on grounds that the preparation and/or audit of financial statements are being impacted due to Covid-19 curfew period.

Originally published August 3, 2020.

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