Collective Investment Scheme (CIS)
Open-ended fund structures for retail and institutional investors, regulated under the Securities Act 2005 with full FSC oversight and investor protection frameworks.
A Collective Investment Scheme (CIS) is an open-ended investment fund regulated by the Financial Services Commission under the Securities Act 2005 and the CIS Regulations. CIS structures pool capital from multiple investors and invest in diversified portfolios of securities, assets, or other investments in accordance with a stated investment objective. Mauritius offers a mature and internationally recognised CIS regulatory framework that accommodates a wide range of fund strategies and investor types.
Fund Types
CIS in Mauritius may be structured as open-ended companies, unit trusts, or limited partnerships. The most common form is the open-ended investment company with variable capital, enabling flexible share issuance and redemption.
Investor Eligibility
CIS may be offered to the general public (retail investors) or restricted to sophisticated or professional investors. The regulatory requirements and offering document standards vary depending on the eligible investor category.
Custodian Requirement
All licensed CIS must appoint an independent custodian to hold the fund's assets. The custodian must be approved by the FSC and is responsible for safekeeping assets and verifying NAV calculations.
Investment Manager
A CIS must appoint an FSC-licensed investment manager responsible for portfolio management decisions. PrimeLuxe can assist with both fund administration and the investment manager licensing process.
Reporting Obligations
CIS must publish audited annual financial statements, provide regular investor reports, and submit periodic FSC returns. AML/CFT compliance, FATCA, and CRS reporting obligations also apply to all CIS structures.
Distribution
CIS interests may be distributed to investors in Mauritius and internationally, subject to the securities laws of the relevant distribution jurisdictions. Cross-border distribution arrangements should be reviewed by local counsel.
Ready to establish your Scheme (CIS)?
Our team will guide you through every step — from initial structuring advice through to incorporation, licensing, and ongoing administration.