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Section 11: Facilities, information and assets in Mauritius

Private Pension Schemes Act · PART III: REGULATION OF PRIVATE PENSION SCHEMES

consolidated text (as at 2018, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.

11. Facilities, information and assets in Mauritius (1) The Commission may, by notice in writing, require an agent— (a) to ensure that the scheme maintains in Mauritius such facilities as may be necessary in the interests of its beneficiaries; (b) to include such information as may be specified in the notice in any advertisement, issued or caused to be issued by him in Mauritius, in which the scheme is named. (2) The Commission may, where a requirement under subsection (1) or section 10 (2) (c) is not complied with, direct the foreign pension scheme to maintain in Mauritius, or transfer to and keep in the custody of any person specified in the direction, assets of the scheme of such value and description as it may determine. (3) No asset kept in the custody of any person pursuant to a direction given under subsection (2) shall, so long as the direction is in force— (a) be removed from that person; or (b) be made the subject of any mortgage, charge or lien. (4) Any mortgage, charge or lien created in contravention of subsection (3) shall be null and void. Sub-Part D – External Pension Scheme

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