| |
|
Global Peace Index: Mauritius ranks 1st in Africa, 20th worldwide
|
|
Mauritius ranks 1st in Africa and 20th worldwide in terms of peaceful countries, according to the ‘Global Peace Index 2018: Measuring Peace in a Complex World’ issued by the Institute for Economics & Peace (IEP).
|
|
| FINANCIAL SECTOR & ECONOMY |
|
|
The Finance (Miscellaneous Provisions) Act 2018 (the “Finance Act 2018”), which contains provisions for the implementation of measures announced in the Budget Speech 2018-2019, was passed by the National Assembly on 31 July 2018. It is expected that the legislative amendments will be substantiated by the issuance of Regulations and Practice Notes.
|
|
Financial Services Commission issues Guidance Note on the ‘Recognition of Digital Assets as an asset-class for investment by Sophisticated and Expert Investors’
|
|
On 17th September 2018, the Financial Services Commission (FSC) issued a Guidance Note on the ‘Recognition of Digital Assets as an asset-class for investment by Sophisticated and Expert Investors’.
The FSC stated that it is highly supportive of Fintech-related initiatives and that the above mentioned Guidance Note is the first of a Fintech Series that the institution will be issuing in view to clarify its position regarding investment in Digital Assets, including Crypto currencies, to its licensees and stakeholders.
The FSC’s Guidance Note can be accessed here.Source: FSC website
|
|
Financial Services Commission ‘Forward Looking’ Conference on the way forward for the Mauritius International Financial Sector |
|
The Financial Commission (FSC) organised a high level two-day conference on 19th and 20th September 2018 at the Intercontinental Mauritius Resort in Balaclava, Mauritius.
The Conference, entitled ‘Forward Looking’, focused on the latest trends impacting the Mauritius International Financial Center (Mauritius IFC), in line with developments at the international level.
|
|
Mauritius Financial Services Commission and France’s “Authorité des marchés financiers” sign agreement in the Fintech field
|
|
The Financial Services Commission, Mauritius (FSC) and France’s Authorité des marchés financiers (AMF), which is the independent public authority that regulates participants and products in France’s financial markets, have signed an agreement pertaining to the support of innovative financial operators and the dialogue between the two countries on 5th September 2018, in Paris.
|
|
Bank of Mauritius maintains Key Repo Rate at 3.50% |
|
| The Financial Services Commission (FSC) of Mauritius and the Financial Conduct Authority (FCA) of the United Kingdom signed a Memorandum of Understanding (“MoU”) on 10th April 2018. The MoU establishes a formal framework for mutual collaboration in the fields of financial services, information exchange and investigative assistance relating to the supervision and oversight of entities falling under the purview of both regulatory authorities.
The signature of the MoU will thus bring the two regulatory authorities to work closer together in various fields including regulatory matters.
|
|
| DOING BUSINESS IN MAURITIUS |
|
Launching of the Government’s E-Licensing Platform |
|
The Government of Mauritius launched its E-licensing Platform, entitled “E-Licensing: Transformational initiatives to enhance the business environment”, on Thursday 10th May 2018. The project which was initially announced in the Budget 2016/2017, aims at enhancing the doing business and investment climate and contribute to economic growth, and is co-funded by the European Union as part of the latter’s partnership with Mauritius under the Economic Partnership Agreement (EPA).
|
|
|
Visit of Chinese President Xi Jinping to Mauritius |
|
The President of the People’s Republic of China, Mr Xi Jinping, paid a Friendship Visit to Mauritius from 27th-28th July 2018. President Xi was accompanied by his spouse and a delegation of 11 members.
|
|
Mauritius and China consolidate bilateral relations through the signature of six cooperation agreements |
|
In the margins of the Forum on China-Africa Cooperation (FOCAC) held on 3rd and 4th September 2018 in Beijing, China, Mauritius and China signed six agreements to consolidate their bilateral relations.
These included a Memorandum of Understanding (MoU) to mark the conclusion of negotiations on a Free Trade Agreement which began in December 2017. The FTA will be signed after both sides complete their respective internal processes. |
|
Mauritius and the Zhejiang Province of the People’s Republic of China sign MOU for tourism promotion |
|
On 18th June 2018, Mauritius and Zhejiang Province of the People’s Republic of China signed an “MOU of Strategic Tourism Promotion Cooperation”, in view to further their mutual cooperation in the tourism sector.
|
|
Mauritius and OECD sign Memorandum of Understanding |
|
The Mauritius Government has agreed to the signature of a Memorandum of Understanding with the Organisation for Economic Co-operation and Development (OECD), with the aim to strengthen and support effective regulation, sound corporate governance and good conduct in Mauritius and in the Southern and Eastern African regions.
|
|
|
Mauritius Cinema Week 2018 – Save the Date |
|
The Mauritius Cinema Week which is an initiative of the Economic Development Board, will be held from 18-21 October 2018.
More information will follow soon.
|
|
|
No passport required for Reunion Island residents visiting Mauritius between August and October 2018 |
|
In view to boost the number of visitors from Reunion Island, the Mauritius Government has put in place the ‘Maurice sans passport’ (Mauritius without passport) programme, under which Reunion Island residents can visit Mauritius without passport but by simply presenting their national identity card, during the period from 16th August to 10th October 2018.
|
|
ITL Data Protection compliance programme - Reminder
As you are aware, we hold your contact details on our database and have been sending you regular newsletters and updates about the latest developments in the Mauritius financial landscape and other areas of interest.
Following recent changes in the EU General Data Protection Regulation (GDPR) and the Mauritius Data Protection Act 2017, we now require your consent to hold your personal data. Please click here to confirm that you still want to hear from us and get the latest news about the Mauritius International Financial Centre.
Should you wish to opt out of our future e-mail communications, please click here to stop receiving correspondence from ITL. Alternatively, you may use the unsubscribe button at the bottom of all our communications or send us an e-mail at unews@intercontinentaltrust.com
Data security and protection is of prime importance to us and we invite you to read our privacy policy which provides information about how we manage and process your personal information.
We are only a phone call or an e-mail away. If you have any comments, questions or concerns about any of the information in our policy, or any issues relating to the processing of personal data by ITL, please contact your regular contact person at ITL or write to us on mauritius@intercontinentaltrust.com
|
|
|
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.
|
|
