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AfricaMoney | August 18, 2017

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FSC Mauritius issues warning against Four Elements PCC fund

FSC Mauritius issues warning against Four Elements PCC fund

The FSC has said that they are following an investigation conducted at the registered offices of the company, where it has initiated enforcement action against the company.(Image: AfricaMoney)

The Mauritius Financial Services Commission, the island economy’s premier non-banking financial services regulator, has issued a warning against the Four Elements PCC – Belvedere Life Limited PCC, an umbrella fund structure under which there are understood to be up to 26 funds.

According to the International Adviser, the FSC has said that they are following an investigation conducted at the registered offices of the company, where it has initiated enforcement action against the company.

After the issue of a public warning, the FSC has mentioned that the company has been “required not to take any new business/investor pending compliance with the other directions to the satisfaction of the FSC Mauritius”.

The public is requested to take note of the same while dealing with funds issued underthe Four Elements PCC – Belvedere Life Limited PCC.

About Four Elements PCC – Belvedere Life Limited PCC:

Belvedere Management Limited (Belvedere) is a Mauritius based management company. According to the company website, it has been “established to provide exclusive structured financial solutions for innovative businesses, and focus on designing top class innovative solutions to attain the goals and aspirations of their clients.”

Source: Company Website

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