Subject: ITL e-News - June 2020

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Global Business - News snippets from the Industry
 FSC issues Guidance Notes on Security Token Offerings (STO) & STO Trading Systems
On 15 June 2020, the Financial Services Commission (FSC) issued its guidance notes with regards to the implementation of a common set of standards for STO & the licensing of STO Trading systems In Mauritius. This initiative is a welcome move amidst the rising importance of Fintech related activities across the globe.

 FSC publishes Enforcement Manual

The Financial Services Commission (FSC) published its Enforcement Manual on 12 June 2020 which provides an overview of its approach towards enforcement and the exercise of its enforcement powers conferred to it under the relevant sections of the Financial Services Act 2007. It also aims at increasing transparency, certainty, and consistency, and, more generally,...

International Benchmarks
Global Peace Index 2020: Mauritius takes top spot in Africa
Mauritius ranks 1st in Africa and 23rd worldwide (a progression of 1 spot compared to the 2019 report) in terms of peaceful countries, according to the ‘Global Peace Index 2020: Measuring Peace in a Complex World’ issued by the Institute for Economics & Peace.

Global Talent Competitiveness Index 2020 (GTCI 2020): Mauritius 1st in Africa

The GTCI 2020 assesses 132 countries and attempts to explore how the development of Artificial Intelligence (AI) is not only changing the nature of work but also forcing a re-evaluation of workplace practices, corporate structures and innovation ecosystems. The GTCI 2020 is a composite index, relying on a simple but robust Input-Output model, composed of six pillars and has...

Mauritius Film Industry
‘Jungle Beat: The Movie’ to be released on June 26th
The film is the first animation movie to have been entirely produced in Mauritius and is a spin-off of the international hit series ‘Jungle Beat’ that have amassed more than 1.3 billion YouTube views.
‘Jungle Beat: The Movie’ will be available on major global platforms, including Apple TV, Amazon and Google Play, as well as a host of local TVOD platforms, and has been dubbed in 13 languages so far.

Travel and Tourism
Mauritius: safe destination for travel

World Travel and Tourism Council which is the apex organization for worldwide travel and tourism has recognized Mauritius as a safe destination for travel with regards to the Covid-19 following the implementation of a series of compulsory health measures to activate the recovery of tourist activities. It will be recalled that Mauritian borders have remained closed ever since the implementation of a sanitary lockdown on the island in March 2020 and now that the island is in an advanced stage of de-confinement, the government is working on revival strategies for the tourism industry.

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DISCLAIMER
The information in this e-newsletter was prepared by Intercontinental Trust Limited to provide potential clients with a broad overview of the opportunities available in Mauritius. While all reasonable care has been taken in the preparation of this e-newsletter, Intercontinental Trust Limited accepts no responsibility for any errors it may contain, whether caused by negligence or otherwise, or for any loss, however caused, sustained by any person that relies on it. Readers are advised to consult with appropriate, qualified professional advisors before taking action. Intercontinental Trust Limited will be pleased to discuss any specific issues.

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