New FSC Guidelines on Regulatory Sandbox Licence

The Financial Services Commission (the ‘FSC’) has recently announced the setting up of FSC Finnovate, the new fintech innovation hub, a measure previously highlighted in the 2021/2022 budget speech. The principle behind it is to improve the competitiveness and to reinforce the position of Mauritius as a leader in fintech and artificial intelligence offerings in […]

Financial inclusion through fintech: how Mauritius can play an even greater role for Africa

map, africa, continent-307196.jpg

This article was published in Mauritius Finance Magazine, 6th Edition. A PDF copy is available to download here. According to World Bank estimates, around 60% of adults in sub-Saharan Arica are unbanked. Lack of money, distance to the nearest financial institution and insufficient documentation are some of the major hurdles preventing these people from accessing banking services. […]

Finance Act 2023 Briefings

ai generated, podcast, microphone-8161576.jpg

The team at Orison Legal comments on some of the changes brought by the Finance Act (Miscellaneous Provisions) 2023.

Finance Bill 2023 – An overview for businesses

On 07 July 2022, the Cabinet approved the introduction of the Finance (Miscellaneous Provisions) Bill 2023 into the National Assembly. The object of the Bill is to provide for the implementation of the measures announced in the Minister of Finance’s Budget Speech 2023-2024. The Bill will be debated and voted at the National Assembly in […]

The Mauritian solution to the US SEC saga around crypto exchanges

analytics, information, innovation-3088958.jpg

In June 2023, the U.S. Securities and Exchange Commission (SEC) filed charges against both Binance and Coinbase for operating as unregistered securities exchanges. Binance and Coinbase are two of the world’s largest crypto exchanges[1]. The SEC alleges that Coinbase traded at least 13 crypto assets that are securities and should have therefore been registered with […]

Redefining the bond market in Mauritius

4k, 4k wallpaper, 4k wallpaper 1920x1080-3801868.jpg

This article was published in Mauritius Finance Magazine, 5th Edition. A PDF copy is available to download here. The bond market has rapidly developed over the last decade as an alternative way to raise debt. The Mauritian legislation therefore also evolved to meet the changing needs of industry players. The rapidly evolving regulatory landscape The regulatory framework […]

OL advises UN Global Compact Network Mauritius & Indian Ocean

Launched in 2020, the UN Global Compact Network Mauritius & Indian Ocean endeavours to promote the United Nations’ Sustainable Development Goals and to drive the sustainability agenda among the private sector in Mauritius, Madagascar, Seychelles and Comoro Islands. As part of Orison Legal’s social initiative, we were pleased to advise the Network on its charter […]

Financial inclusion through fintech

Fintech is revolutionising the way people transact and this is nowhere more apparent than in Africa. Mauritius provides a robust platform for fintech entrepreneurs to set up shop in or from Mauritius and to discuss this, Janesh Chuttoo hosted Mark Van Beuningen (Group CEO Cim Finance), Munya Island (founder of LakeStream) and Rajeev Babooram (lead […]

Exploring ESG governance and regulatory issues

As increasing pressures from shareholders, employees and stakeholders over the recent years have driven companies to integrate ESG principles throughout their operations and in their decision-making process, Tania Li invited Evita Fakun (Vice-Chair of the board of the United Nations Global Compact for Mauritius and the Indian Ocean and Chief Sustainability Officer at The Lux […]

Finance Bill 2022 – An overview for businesses

On 22 July 2022, the Cabinet approved the introduction of the Finance (Miscellaneous Provisions) Bill 2022 into the National Assembly. The object of the Bill is to provide for the implementation of the measures announced in the Minister of Finance’s Budget Speech 2022-2023. The Bill will be debated and voted at the National Assembly in […]