Fund Finance Laws And Regulations 2023 – Mauritius

As we enter 2023, it provides an opportunity to reflect on the current state of play in the fund finance market of Mauritius. The fund finance market has demonstrated its resilience in the face of the challenges of COVID-19 as well as the effects of the Russia-Ukraine war and resulting high inflation and depreciation of the rupee. To date, the fund finance market has weathered this storm admirably and we continue to be unaware of any significant institutional default within our subscription finance client base.

Similar to the market impact of Abraaj and the last global financial crisis, there will be a lot of reflection and revisiting of subscription finance structures – but, ultimately, they will prove robust, and there will not be much in the way of fundamental change to how the market operates. That said, there will be further improvements in reporting to investors and transparency of information about borrowing at fund level and security structures.