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Mauritius Signs AIFMD MoU With France

by Mike Godfrey, Lowtax.net, Washington
27 October, 2014

The Financial Services Commission of Mauritius has signed a Memorandum of Understanding (MoU) relating to the European Union's Alternative Investment Fund Managers Directive (AIFMD) with the French securities regulator, Autorité des Marchés Financiers.

Chief Executive of the FSC Mauritius, Clairette Ah-Hen, said: "The signature of this MoU came to reaffirm FSC Mauritius commitment to the highest standards of international engagement and information sharing. Strong cultural and emotional links exist between Mauritius and France due to history and current relationship between the two countries. With the signature of this MoU, the FSC Mauritius looks forward to intensify[ing] cooperation with France especially in the field of financial services."

AIFMD MoUs allow the exchange of information between EU and non-EU supervisors thereby enabling non-EU fund managers to market alternative funds within the European Union.

Mauritius was amongst the first 34 countries to sign the European Securities Market Authority Memorandum of Understanding (MOU). The FSC Mauritius has so far signed 25 bilateral MoUs with European Regulators with regards to the supervision of AIFMD entities to support its fund management industry.

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