Mauritius:
Financial Services (Exemption From Approval Of Controllers And Beneficial Owners) Rules 2017 (the "Revoked Rule")
18 November 2020
AXIS Fiduciary Ltd
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The Financial Services Commission of Mauritius ("FSC")
has on the 22 October 2020 issued the Financial
Services (Exemption from Approval of Controllers and Beneficial
Owners) (Revocation) Rules 2020 (the
"Rule") which provides for the revocation of the
Financial Services (Exemption from Approval of
Controllers and Beneficial Owners) Rules 2017 (the "Revoked
Rule"). In that respect, the approval of the FSC
under s.23(1) of the Financial
Services Act will now be required for the issue or
transfer of the type of shares that do not carry voting rights.
Please click HERE to access the Rule.
Please click HERE to access the Revoked Rule.
Originally Published by Axis, November 2020
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.
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