First announced in April 2021, the introduction of the Variable Capital Company (VCC) aimed to deliver on the increasing demands for innovation in the fund market space. With the need to ensure that there is a legislative framework - in compliance with the requirements of the Anti-Money Laundering/Combatting the Financing of Terrorism - regulating this structure, the Variable Capital Companies Act 2022 (the “Act") was enacted in April 2022.

In case you missed our newsletter, which covers the main technicalities and licensing fees for Mauritius VCCs, as well as provides a comparison between the Protected Cell Companies (PCCs) and VCCs, you can access it here

On 4 July 2022, the Financial Services Commission – the institution responsible for regulating and supervising VCCs – issued a FAQ in an effort to bring clarity on this structure and its governing framework. Read the FAQ here