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Last Updated on 09 PUBLIC CONSULTATION ON SECURITIES REGULATIONSAND RULES The FSC invites the views of interested parties on the proposed Securities (Collective Investment Schemes and closed end funds) Regulations 2005 and the proposed Securities (Licensing, prudential and conduct of business) Rules. A copy draft regulations and rules are available under the above hyperlinks.
In drafting the Securities Act 2005, the approach was to include only high-level principles in the legislation and to include the finer details (that are more subject to change) in Regulations and Rules that will supplement the legislation. Accordingly, the Securities Act 2005 (which was enacted in March 2005) provides for the creation of such subsidiary legislation which is in the course of preparation.
At this point, the draft Securities (Collective investment schemes and closed end funds) Regulations and the draft Securities (Licensing, prudential and conduct of business) Rules have reached an advanced stage. Before proceeding further, the Commission is releasing the documents for the purposes of obtaining comments and suggestions from stakeholders and the public in general. This is in line with the Commission’s policy to make its rule-making process as transparent as possible.
It should not be assumed that the proposals or ideas expressed in these draft documents reflect the definitive view of the Commission who may vary the draft proposals in light of its own reflections and of the view expressed by licensees, stakeholders and other interested parties.
Comments and views may be sent by email or letter and should reach the Commission by 23 December 2005. These should be addressed to
Mr Soodesh H. Jowaheer or Ms Yotsna Lalji Policy & Research Directorate Financial Services Commission 4th Floor, Harbour Front Building President John Kennedy Avenue Port Louis
Fax: (230) 208 7172 Email: consultation@fscmauritius.org
Please note that all submissions may be made public unless you have specifically requested for confidentiality of the whole or part of your submission.
Ag Chief Executive Financial Services Commission
9 December 2005
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