The Financial Services Commission of Mauritius (FSC) has
released a communiqué on 13 February 2023 informing the
public of the issuing of a draft guidance note on Decentralised
Autonomous Organisations (DAOs) (“draft Guidance
Notes”) for public consultation. The DAOs are
blockchain-based organisations whose activities and decision-making
are co-ordinated by self-executing codes, also known as smart
contracts.
It was also highlighted by the FSC that any comments, feedback
and suggestions are to be sent not later than 28 February 2023.
It is to be noted that the proposals made, and ideas expressed
in the document do not represent the final decision of the FSC. In
light of the views and comments obtained during this public
consultation exercise, the proposed draft Guidance Notes may be
changed.
