Financial Services Commission (FSC) in Mauritius issues Guidance for STO
The Mauritius Financial Services Commission continues to support Fintech areas and issues guidelines for Security Token Offerings.
On 15 June, the FSC prepared and subsequently published a 15-page document containing guidelines on Security Token Offerings and Security Token Trading Systems.
In the document you will find a set of standards for licensing, guidelines for issuers of security tokens, as well a category focused on Cybersecurity.
For example, if you want to operate a Trading Security System, the minimum capital requirements are 35 million rupees or an equivalent amount.
Mr. Dhanesswurnath Thakoor, the Chief Executive of the FSC said
As part of our core strategy, the FSC is aiming at positioning Mauritius as a regional hub of sound repute in the field of Fintech. The publication of a Guidance Note on Security Tokens Offering (STO) and Security Tokens Trading Systems is a another stepping stone in building an open and transparent regulatory regime for Fintech in Mauritius. We already have a growing interest for these specific licences and are expecting to receive several applications in the upcoming months.
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