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PRIVATE PENSION SCHEMES ACT, 15 of 2012

consolidated text (as amended). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.

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Sections

  1. 1 Short title
  2. 2 Interpretation
  3. 3 Application of Act
  4. 4 Conflicting provisions
  5. PART II: THE COMMISSION
  6. 5 Administration of Act
  7. 6 Objects, functions and powers of Commission
  8. 7 Delegation of functions and powers
  9. PART III: REGULATION OF PRIVATE PENSION SCHEMES
  10. 8 General restriction on private pension activities
  11. 9 Licensing of pension scheme
  12. 10 Authorising foreign pension scheme
  13. 11 Facilities, information and assets in Mauritius
  14. 12 Licensing of external pension scheme
  15. 13 Further information and verification
  16. 14 Material change
  17. 15 False and misleading statements to Commission
  18. 16 Effect of unlicensed or unauthorised private pension schemes
  19. PART IV: CONSTITUTION AND MANAGEMENT OF PRIVATE PENSION SCHEMES
  20. 17 General provisions of private pension schemes
  21. 18 Technical funding requirement
  22. 19 Maintenance of financially sound condition
  23. 20 Technical provisions
  24. 21 Under-funded private pension schemes
  25. 22 Schedules of contributions
  26. 23 Investment rules
  27. 24 Prohibitions concerning assets and liabilities
  28. 25 Avoidance of exclusion clauses
  29. PART V: ADMINISTRATION OF PRIVATE PENSION SCHEMES
  30. 26 Pension scheme administrator
  31. 27 Governing body or long-term insurer to administer private pension
  32. 28 Responsibilities of pension scheme administrator, long-term insurer and
  33. PART VI: ALTERATION, TRANSFER AND AMALGAMATION
  34. 29 Alteration
  35. 30 Transfer or amalgamation
  36. 31 Conditions of approval
  37. 32 Approved transaction
  38. PART VII: ACCOUNTS AND AUDIT
  39. 33 Accountability
  40. 34 Accounting period
  41. 35 Appointment of auditor and actuary
  42. 36 Appointment of auditor and actuary by Commission
  43. 37 Returns to Commission
  44. 38 Disclosure to beneficiaries
  45. 39 Content of rules of private pension scheme
  46. 40 Notification to Commission
  47. PART VIII: VARIATION, TERMINATION, SUSPENSION AND REVOCATION OF LICENCE OR AUTHORISATION
  48. 41 Variation of licence or authorisation
  49. 42 Termination of licence or authorisation
  50. 43 Suspension of licence or authorisation
  51. 44 Revocation of licence or authorisation
  52. PART IX: WINDING UP
  53. 45 Voluntary winding up
  54. 46 Winding up by Court
  55. 47 Provisions for winding up
  56. PART X: MISCELLANEOUS
  57. 48 Disinvestment
  58. 49 Public notice
  59. 50 Composition of governing body
  60. 51 Service of process
  61. 52 Legal proceedings
  62. 53 Offences
  63. 54 Jurisdiction
  64. 55 Regulations
  65. 58 Savings and transitional provisions