Mauritius

Earlier during the year Mauritius introduced reforms intended to remove the distinction between its 'onshore' and 'offshore' activities. This would mean that all the regulatory bodies would be merged. A proposal to combine three regulatory bodies has been approved; the Mauritius Offshore Business Activity (MOBA) Authority, the Stock Exchange Commission and the Insurance Division are to be combined to form the Financial Services Commission (FSC). The changes made meant that the 1984 Companies Act has had to be altered. As a result, a new Companies Bill 2001 is expected to come into effect...