Valsen Corporate


New Financial Services Legislations amendments – Seychelles

New Financial Services Legislations amendments – Seychelles

New Financial Services Legislations amendments  – Seychelles  The President of the Republic of Seychelles, Mr. Wavel Ramkalawan vetted the new financial services legislation amendments following the approval of the National Assembly. The amendments have been gazetted on the 6th of August 2021.  The proposed amendments pertain to the International Corporate Service Providers (ICSP) Act that governs businesses that are known as Corporate Services […]

Structured Investment-Linked Insurance Business

Consultation Paper on – The Regulatory Framework for Structured Investment-Linked Insurance Business in Mauritius (SILIB)

Introduction – Structured Investment-Linked Insurance Business As announced in the National Budget 2020-2021, the Financial Services Commission Mauritius (FSC) will introduce a regulatory framework for Insurance Wrappers, which will henceforth be referred to as Structured Investment-Linked Insurance Business (SILIB) in order to enhance the competitiveness of the financial services sector.  The FSC is proposing to introduce the SILIB within […]

Procurement of Insurance Services

Tender: Procurement of Insurance Services for Motor Vehicles and Assets for the Anti-Doping Agency of Kenya

The Anti-Doping Agency of Kenya (ADAK) is inviting sealed tenders from eligible candidates for the Provision of General Insurance Services for Motor Vehicles and Assets for an initial period of one year, renewable annually up to a maximum of three years subject to the Satisfactory Performance and at the discretion of the ADAK.  This tender is open to all interested […]

fiduciary responsibility

Relationship between leadership and fiduciary responsibility

Preliminary research results show that there is a strong correlation between genuine leaders and authentic fiduciaries.  For the last 14 years, the Centre for Board Certified Fiduciaries has studied the relationship between leadership behaviours and fiduciary responsibility. The research has been focused on one question: Do exemplary fiduciaries demonstrate the same behaviours as distinguished leaders? And the […]

Request for proposal

Request for proposal: Maintenance & Repairs of Air Conditioning & Ventilating System at the Bank of Mauritius

The Bank of Mauritius (BoM) is inviting request for proposal by sealed bids from eligible and qualified Bidders for the Maintenance and Repairs of Air Conditioning and Ventilating Systems at its main branch at Sir William Newton Street, Port-Louis.  A mandatory pre-bid meeting will be held at the Bank main branch on August 4th, 2021, at 11:00. The purpose of […]

Treasury Bills

Auction of 91-Day, 182-Day and 364-Day Treasury Bills

Auction of 91-Day, 182-Day and 364-Day Treasury Bills  The Central Bank of Kenya is putting 91-Day, 182-day and 364-Day treasury bills on auction this Thursday 29th July with the value dated set on next Monday 2nd August. The previous average interest rates of the bills were 6.477%, 6.955%, and 7.432%, respectively.  What are Treasury Bills  Treasury Bills are secure, short-term investments on […]

Treasury Notes

Auction of New Benchmark Three-Year Government of Mauritius Treasury Notes.

Under the section 5 of the Public Debt Management Act 2008, and section 57 of the Bank of Mauritius Act 2004, the Bank of Mauritius is happy to advertise the publishing of a New Benchmark Three-Year Government of Mauritius Treasury Notes that will be maturing on 27 July 2024 through an auction, which is to be held […]

Restricted Tender for Provision of Tripwire System License Renewal, Support and Maintenance to the Central Bank of Kenya for a Period of Three Years

The Central Bank of Kenya is inviting sealed tenders from eligible service providers for the provision of Tripwire System license renewal, support, and maintenance to the central bank of Kenya for a period of three years. The lowest evaluated bid will be recommended for the award of the tender to support the bank in system […]

Why Trust Situs is Important

Also known as the principal place of administration, when does a trust’s situs move?  What are the conditions that will trigger this move? Must a trustee be worried about their trust’s situs? In the years, or even decades after a trust are created and also well into its management by a trustee, these very important […]

Challenges of doing business in Luxembourg

Nestled among Europe’s most highly affluent and developed markets, Luxembourg is the perfect logistics hub for expanding businesses. However, complex regulations and laws make daily operations very complicated to do business in Luxembourg without the proper assistance on board. Thanks to its ideal position and rapid access to neighbouring markets, Luxembourg has established itself successfully […]