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ARTICLE · 06 SEPTEMBER 2016

Banking & Finance Insights - Country Updates

The Captive Insurance Act 2015 (the Act) was passed by the National Assembly in December 2015 and came into force on 29 January 2016.

MauritiusFinance and Banking

Bank of Mauritius issues a banking licence to Bank of China

The Bank of Mauritius has, on 18 March 2016, issued a banking licence to Bank of China (Mauritius) Limited, a locallyincorporated wholly-owned subsidiary of Bank of China.

The establishment of Bank of China (Mauritius) Limited is in line with the Bank of Mauritius's objective of attracting international banks to Mauritius to strengthen the position of Mauritius as an international financial centre.

National Assembly passes the Build Operate Transfer Projects Act 2016

As part of the Government's strategy to deliver large scale infrastructure projects, the National Assembly passed the Build Operate Transfer Projects Act 2016 (the Act) on 29 March 2016. The Act came into force on 05 April 2016.

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