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MAURITIUS CHARITABLE FOUNDATIONS
Introduction The Foundation Act 2012 (''Act'') was established on the 1st July 2012, creating a legal framework for the registration of foundations in Mauritius, adding to the existing global financial services laws, including trusts. The...
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MAURITIUS BUDGET SPEECH 2021-2022
The Hon. Minister of Finance of the Republic of Mauritius presented the National Budget 2021/2022 for Mauritius on 11th June 2021.... CONTENT 1. Measures for Global Business Reinforcement of the Regulatory FrameworkIntroduction of Innovative ProductsEase...
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MAURITIUS UPGRADES ITS SPECIAL PURPOSE FUND REGIME
On 6 March 2021, the Mauritius Financial Services Commission (FSC) released the Financial Services (Special Purpose Fund) Rules 2021. The Financial Services (Special Purpose Fund) Rules 2021 revokes the Financial Services (Special Purpose Fund) Rules...
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MAURITIUS REAL ESTATE AGENTS: MANAGING MONEY LAUNDERING AND TERRORISM FINANCING (ML/TF) RISKS
Section 14C of the Financial Intelligence and Anti-Money Laundering Act 2002 (FIAMLA) requires all Reporting Persons as defined under FIAMLA to register with the Financial Intelligence Unit (FIU) within such time as may be prescribed....
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MAURITIUS: DUTIES AND RESPONSIBILITIES OF REAL ESTATE AGENTS UNDER THE REAL ESTATE AGENT AUTHORITY ACT 2020
On 04 September 2020, the Real Estate Agent Authority Act received the assent of the President of Mauritius. The Real Estate Agent Authority Act seeks to provide for the establishment of a Real Estate Agent...
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MAURITIUS: REGULATORY FRAMEWORK FOR THE CUSTODY OF DIGITAL ASSETS
Custodians play an important role in investors’ protection and in safeguarding the wealth of many individuals and entities. In several instances, the services of a qualified custodian is compulsory in order to satisfy requirements for...
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