FSC Mauritius issues Addendum to Circular Letter CL 240915: Procedures for Registration of Prospectus

The Financial Services Commission (FSC) Mauritius issued Circular Letter CL 120116 on 12 January 2016 in addendum to the Circular Letter CL 240915 issued on 24 September 2015 regarding registration of prospectus. Licensees were informed, in Circular Letter CL 120116, that pursuant to section 146 (4) of the Securities Act 2005, the FSC Mauritius is hereby exempting Closed-End Funds which are reporting issuers from complying with the Procedures for Registration of Prospectus and the payment of a fee of MUR 100,000.

Nonetheless, Closed-End Funds which are reporting issuers shall comply with all other requirements provided for in the relevant Acts with respect to prospectus.

The Circular Letter CL 120116 can be downloaded on the FSC website.