India-focused funds may soon get fast approval from Mauritius regulator

Mauritius' financial services regulator was busy in taking steps to exit FATF's grey and black list

FDI, INVESTMENT, investment, foreign investment, foreign direct investment, FPI, dollar inflow, GROWTH, MARKETS, FUNDS, SHARES, DEMAND, GROWTH, mutual fund, fund, stocks

Market observers also said the approvals depended a lot on the funds themselves, and the extent to which they followed the new norms introduced last year

Ashley Coutinho Mumbai
Mauritius had been taking a bit longer to greenlight India-focused funds in the recent past, with the country’s financial services regulator busy in activities aimed at exiting the grey and black lists of the Financial Action Task Force (FATF) and the European Union (EU), respectively.

That may be about to change as Mauritius is done with most of its submissions and progress reports to the two bodies, said people in the know.

“After the EU’s decision to include it in the list of “high-risk” countries, the Financial Services Commission (Mauritius) has presumably taken a number of steps that include a thorough inspection

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First Published: Sep 29 2020 | 12:58 AM IST

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