Collective investment schemes (CIS), regulated under the Collective Investment Schemes Control Act, 2002, are subject to Board Notice 90 of 2014 (BN90). BN 90 prescribes the type of securities and assets, or particular classes of securities or assets that a CIS in securities may invest in and the limits applicable to such investment.
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In October 2014, the Mauritius Financial Services Commission (FSC) issued competency standards setting out the minimum technical skills and know-how expected from its licensees, which includes entities licenced as collective investment scheme managers (CIS Managers). The standards are part of the FSC’s drive to develop a more robust regulatory framework in Mauritius.
The FSC had