FSC: Unveiling of the new Mauritius Special Purpose Fund The Ministry of Financial Services and Good Governance in association with the Financial Services Commission (FSC) has launched the New Special Purpose Fund (SPF) on 09 June 2021 at the FSC House. Mauritius has developed and positioned itself as being a global financial center of excellence. […]
An Offshore Investment Paradise – Cayman Islands
An Offshore Investment Paradise – Cayman Islands The Cayman Islands is a prominent offshore investment jurisdiction for hedge funds. Cayman’s exceptional image comes mostly from the island’s highly competent and business-friendly financial institutions, which operate closely with the government. They work together to ensure that the island maintains a transparent and efficient financial system. The Cayman Islands is home to some of the world’s largest […]
Changes to the UAE Foreign Ownership Laws
Changes to the UAE Foreign Ownership Laws The UAE Cabinet of Ministers passed Law No. 26 of 2020 (the Amendment) in September 2020, amending some articles of the UAE Companies Law No. 2 of 2015. (the Companies Law). The changes to the UAE foreign ownership laws include changing the long-held restrictions on foreign ownership, which prevent […]
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 […]
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 […]
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 […]
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: 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 […]
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 […]
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 […]