Public consultation on the bill on variable capital companies – Finance and Banking
Mauritius: Public consultation on the bill on variable capital companies
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With the aim of improving the competitiveness of the financial services sector and diversifying the product base of the Mauritius IFC, the 2020-2021 Budget Speech introduced variable capital companies (“VCC”).
The Financial Services Commission (“FSC”) publishes a draft law open to public consultation aimed at providing a legal framework for the incorporation, transformation, structure, operation and termination of a CCV.
Comments and suggestions on the VCC Bill can be sent by email to [email protected] by October 19, 2021. The VCC Bill can be submitted for review after the consultation exercise is complete.
The VCC bill is accessible HERE.
Read the full FSC press release HERE.
The content of this article is intended to provide a general guide on the subject. Specialist advice should be sought regarding your particular situation.
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