The Financial Services Commission (“FSC”) of Mauritius has issued a circular letter on 8 April 2021 informing Issuers that the FSC will be accepting audited financial statements prepared in accordance with the issuer’s national accounting standards, in compliance with their local generally accepted accounting principles (local GAAP). It further stated that such accounting standards will be accepted for the purpose of listing securities on securities exchanges licensed by the FSC and for their ongoing disclosures as required under the prevailing laws. The FSC has in the circular letter also outlined the set of requirements to be met by issuers incorporated, established or organized under the laws of a jurisdiction other than Mauritius.

For more information, please read the full circular letter HERE.