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Amendments of the Competency Standards The Financial Services Commission (FSC) has recently made a few amendments to its Competency Standards. To comply with international rules and regulations, the FSC had initially issued in 2014 the Competency Standards which aims to provide the minimum technical competencies required by financial institutions for specific positions. The recent updates …

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Mauritius Virtual Assets and Initial Token Offering Services The Virtual Assets and Initial Token Offering Services Act 2021 (The “Act”) came into force on the 7th February 2022. This Act sets out a comprehensive legislative framework to regulate the business activities of Virtual Assets Services Providers (VASPs) and Issuers of Initial Token Offerings (IITOs) in …

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