Investment Funds operating from Mauritius must lodge a prospectus (or a placement memorandum). The information requirements of the prospectus include, inter alia:
- the basis of the net asset value circulation;
- the borrowing policies;
- the type and the legal status of the fund;
- the investment policy (by class of fund if an umbrella fund is opted for), including the use of financial instruments;
- the remuneration of investment advisors and directors, investment managers, custodian and administrators;
- the conditions for the issuance and redemption of shares, including their frequency, and the different rights attached to them;
- the tax status;
- the name and details of the custodian bank, the independent auditor, the investment manager, the investment adviser (if any), the directors and the registrar/administrator.
