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Never miss a beat on Africa's legal and regulatory landscape.

Bowmans

Mauritius: Conservatorship in banking, 17 February 2024 – Bowmans [Financial services]

The Bank of Mauritius has placed Silver Bank Ltd under conservatorship in accordance with Section 65 of the Banking Act. The last time that a bank was put under conservatorship in Mauritius was BanyanTree Bank Ltd in 2020. Of note, the conservatorship of BanyanTree Bank L..

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Appleby

Fund finance laws and regulations 2024 – Mauritius

Historically low interest rates, significant dry powder, and investors’ persistent hunt for yield have propelled the growth of the fund finance market. As we look ahead, 2024 is expected to continue witnessing this impressive growth trajectory, underpinned by a surge in d..

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JuristConsult Chambers

The offence of corruption in private entities in Mauritius

While corruption is typically associated with dishonest and fraudulent conduct in the public sector or by those who wield power, the fact remains that private sector corruption is also very much a reality and a lesser-known offence to the public.

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Appleby

The Financial Crimes Commission Act in Mauritius: strengthening efforts to combat financial crimes

The passing of the Mauritius Financial Crimes Commission Act on 21 December 2023 (the Act) marks a commendable and significant milestone in the country’s ongoing efforts to combat financial crimes. This comprehensive legislation establishes the Financial Crimes Commission..

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AXIS

Axis Finance Act Series 2023 – Discover Employment Rights Updates in the Finance Act

The Finance (Miscellaneous Provisions) Act 2023 ("The Act") introduces key changes to the Workers’ Rights Act 2019 establishing a progressive framework that addresses the evolving needs of the workforce. The Key changes are highlighted in this video.

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Appleby

Adapt and Evolve - the Financial Services Commission of Mauritius issues Guidelines for Digital Signature

On 23 October 2023, the Financial Services Commission of Mauritius (FSC) issued guidelines on the use of digital signature (‘Digital Signature Guidelines’). One of the avowed aims of the Digital Signature Guidelines is to establish a high leve..

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BLC Robert

Mandatory Registration for Issuance of Debt Securities

Notable changes have been brought to the Securities (Preferential Offer) Rules 2017 (the Rules) by the Financial Services Commission (FSC), published on 16 October 2023 that you should be aware of.

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Venture Law

Finance (Miscellaneous Provisions) Act 2023

Following the presentation of the National Budget for Mauritius for the financial year 2023-2024, the Finance (Miscellaneous Provisions) Act 2023 was enacted on 20th July 2023 to translate some of the proposed measures into law. 

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AXIS

Source of Funds and Source of Wealth are vital in battling money laundering and terrorist financing

Money laundering has emerged as a critical concern in today’s global financial system. It enables criminals to conceal the origins of illicitly obtained funds, posing significant threats to financial integrity and security. To combat this pervasive issue, it is cruc..

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