Proposed amendments to Securities Act 2005
Article Published on May 13, 2021
On 16 April 2021, Cabinet agreed to amend the Securities Act 2005 as follows:
• bringing in the concept of “retail investor" compared to “sophisticated investor" in the legislation;
• enabling the licensing of other exchanges and depository institutions over and above the Stock Exchange of Mauritius and the
Central Depository and Settlement Ltd;
• recognising foreign funds whose securities are marketed to retail investors in or from Mauritius; and
• waiving the requirement for foreign reporting issuers to be registered with the Financial Services Commission.
We will endeavour to keep you informed of future development with regards to the drafting of the Securities (Amendment) Bill.
If you missed our newsflash on the proposed amendments to Securities Act 2005,you can still access it here
