Mauritius Funds Licenses

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Mauritius Funds Licenses

Brief Overview:

Funds/Collective Investment Schemes (CIS) are regulated under the Securities Act 2005 (as amended in 2007) and by the “best industry practices” rules set out by the Financial Services Commission (FSC).

Types of funds

    Mauritius Expert fund

An Expert Fund consists of funds available only to Expert Investors. (An investor who makes an initial investment for his own account of no less then USD 100,000. Most of the obligations and restrictions governing Global Funds do not apply to Expert Funds.

    Mauritius Global CIS funds

The Global CIS are funds which are essentially meant for the public. This CIS normally does not hold a Category 1 Global Business license, and is not entitled to any of the exemptions generally provided to funds.

    Mauritius Professional CIS

Shares are offered to sophisticated investors or on private placements. Sophisticated investors include Governments or public bodies, and banks, amongst others. Professional CIS are exempted from most obligations and regulations as long as the interests of the Professional CIS are not resold to the public and they are not listed on a securities exchange, whether in Mauritius or elsewhere.