The Financial Services Commission, Mauritius (FSC) is releasing the following proposed legislations for public consultation, in an effort to enhance investor protection and maintain a transparent rule-making process:
a) Securities (Amendment) Act 2023
b) Financial Services (Amendment) Act 2023
c) Securities (Central Depository, Clearing and Settlement) (Amendment) Act 2023
d) Securities (Consumer Duty) Rules
e) Securities (Record Keeping) Rules 2023
f) Securities (Takeover) (Amendment) Rules 2023
g) Securities (Licensing) (Amendment) Rules 2023
h) Securities (Disclosure Obligations of Listed Companies) Rules 2023
Some of the key provisions of the proposed amendments in the Securities Act include the following:
a) Target market assessment
b) Specific rules on marketing and solicitation of clients
c) Product due diligence requirements
d) Prospectus requirements
All industry stakeholders are encouraged to submit their feedback to the FSC by no later than the 9th of February 2024.
Contact us for more information on the licensing process or feedback submission.
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