Page recognised for contributions
STAND Like Stone Foundation has renamed two of it’s funds in honour of the late Brian Page. The Foundations founding […]
Source: borderwatch.com.au
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Variable Capital Companies
The concept of variable capital companies (VCCs) was first introduced by the Minister of Finance in his budget speech for the period 2020 to 2021
Source: africa.com
Mauritius: Variable capital companies – another step towards enhancing the Mauritius international financial centre
The concept of variable capital companies (VCCs) was first introduced by the Minister of Finance in his budget speech for the period 2020 to 2021. The Minister discussed the need to enhance the competitiveness of the financial services sector by introducing new vehicles such as the VCC. The Variable Capital Companies Act (Act) was passed by the National Assembly on 12 April 2022 and received the President’s assent on 14 April 2022. The Act is to come in force on a date to be fixed by proclamation.
Source: polity.org.za
MFSA Implements Fast-track Filing Procedure For Offering Documents Of Collective Investment Schemes Amended To Comply With The Sustainable Finance Disclosure Regulations. - Finance and Banking
Following the entry into force of the Sustainable Finance Disclosure Regulation (" SFDR") in December 2020, the provisions of the said Regulations will become effective on the 10 th March 2021. By way of background, the SFDR will require financial market participants and financial advisors to make pre-contractual and ongoing disclosures to investors regarding the integration of sustainability risk, the impacts of adverse sustainability, as well as the promotion of ESG characteristics and sustainable investments (as applicable). In this respect, pursuant to a circular dated 9 th February 2021,...
Source: mondaq.com