Talks on to adopt BEPS minimum standards in tax treaty: Mauritius minister

Under the cooperation agreement signed between the FSC and SEBI, the two regulators work very closely together on an ongoing basis, says Seeruttun Maheen Kumar

SEBI, India's market regulator, has not expressed any concerns about investment funds based in Mauritius, the island nation's Minister of Financial Services and Good Governance, Seeruttun Mahen Kumar, has said. In an interview with Ashley Coutinho, he says the country is committed to ensure that the FATF Action Plan is fully implemented within the agreed timelines. Edited excerpts: 

Nearly 80 per cent of FPIs from Mauritius were put into category II post the reclassification of FPIs into two categories last year. What were some of the apprehensions that Sebi had at the time? 

Under the cooperation agreement signed between the