Collective Investment Schemes (CIS)

A collective investment scheme is a scheme or arrangement made or offered by an entity under which the contributions, or payments made by the investors, are pooled and utilized with a view to receive profits, income, produce or property, and is managed on behalf of the investors. The collective investment scheme is regulated by the Securities (collective investment schemes & close end funds) Regulation 2008. The Financial Services Commission generally wish to satisfy itself that, as far as possible, substance and central administration is in Mauritius. To this end, the fund must have a local administrator, a local custodian, and a local auditor.

Main features

  • Pooling of funds from various investors
  • Common investment of investors’ money into a portfolio of investments
  • Investments based on a diversification of risk principle
  • Redemption is at the option of the investors
  • The investors do not participate in the day-to-day management of the scheme