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Mauritius Financial Regulator Issues Guidelines on Security Token Offerings


The Mauritius Financial Services Commission has issued a guidance note concerning security token offerings.

The Mauritius Financial Services Commission (FSC) has issued a second guidance note concerning security token offering (STO) regulation, dated April 8.

In the document, the FSC declared that security tokens are considered digitally represented securities as defined in the Securities Act of 2005. As a consequence, when STOs are conducted in or from Mauritius, the offering is regulated by local security regulations, including the requirement for a prospectus.

The regulator also notes that, while no STO can take place without its prior approval, there are exceptions for when a token issuer needs authorization. Those exceptions include offerings meant for sophisticated investors, expert investors, expert funds, professional collective investment schemes and specialized collective investment…



Read Full Story : Cointelegraph.com News

2019-04-10 17:46:00

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