Section 8: General restriction on private pension activities
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.
8. General restriction on private pension activities
(1) No person shall operate a private pension scheme unless the scheme
is—
(a) a trust, a Foundation or such body of persons as may be specified in FSC rules; and
(b) licensed or authorised, as the case may be, under this Act.
(2) Subsection (1) (a) shall not apply to a fund registered under the
repealed Employees Superannuation Fund Act at the commencement of this
Act.
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Revised Laws of Mauritius
(3) Any person who contravenes subsection (1) shall commit an offence
and shall, on conviction, be liable to a fine not exceeding one million rupees
and to imprisonment for a term not exceeding 8 years.
Sub-Part B – Pension Scheme