Insights
DEA Order permitting Mauritius based funds to register as Category I FPI
April 17, 2020Following amendment to Regulation 5(a)(iv) of the SEBI FPI Regulations 2019 allowing entities from non-FATF countries specified by the Central Government, by an order or by way of an agreement or treaty to apply for registration as a Category I FPI, the Department of Economic Affairs, MoF, issued an Order dated 13 April 2020 (attached) specifying Mauritius as an eligible country for the purposes of the aforesaid regulation.
The Financial Services Commission of Mauritius also issued a Communiqué on 13 April 2020 informing its stakeholders about the DEA Order here.