In line with its strategy to sustain the growth of the FinTech ecosystem in Mauritius, the Financial Services Commission (FSC) has introduced the Financial Services (Crowdfunding) Rules 2021. In a bid to cater for this new licence, the following rules have also been introduced and amended respectively:

• The Securities (Exemption) Rules 2021
• The Financial Services (Consolidated Licensing and Fees) Rules 2008

(The above-mentioned rules will collectively be referred to as the “Rules" hereinafter)

The Financial Services (Crowdfunding) Rules 2021 aim to establish a comprehensive regulatory framework on par with international best standards and practices with a view to improve access to this novel form of finance for individuals, entrepreneurs, as well as Small and Medium Enterprises (“SMEs") operating in or from Mauritius. As such, these will work in parallel with the Financial Services (Peer-to-Peer Lending) Rules 2020¹ which follow a near similar approach in terms of financial access.

Click here to access the communique from the FSC for more information

Stay tuned for our upcoming newsletter, which will cover the salient requirements for this specific licence under the Rules.

¹We communicated on the issue of the Financial Services (Peer-to-Peer Lending) Rules 2020 in one of our past publications. Have a look at it here