Positioning the SEM as a listing venue for global and specialised funds

Positioning the SEM as a listing venue for global and specialised funds

The Stock Exchange of Mauritius (SEM) organised an informative meeting on Tuesday 16th February, to explain the changes that have been brought to the Listing Rules to position the SEM as an attractive venue for the listing of Global Funds and of Specialised Funds. The SEM is going through a strategic reorientation of its activities and gradually moving away from an equity-based domestic Exchange to a multi-product internationally oriented Exchange.

The SEM has brought some major changes to its Listing Rules to align them with the Collective Investment Schemes Regulations 2008 with a view to positioning the SEM as an attractive venue for the Listing of Global and Specialised Funds. The recent changes to our Listing Rules to attract the listing of Global and Specialised Funds on the Exchange fits very well with the strategic shift currently underway at the SEM.

The Mauritius Bourse has made its Listing Rules more flexible to reflect the specific attributes and characteristics of the Specialised Funds it would like to list on the SEM. This initiative goes a long way in making the SEM a platform of choice for the listing of a wide variety of funds such as Specialised Collective Investment Schemes, Professional Collective Schemes Export Funds, Global Schemes, and the SEM is keen in diversifying its products offerings and gradually emerge as an international exchange. The SEM has also a commitment to aggressive timings on processing of listing applications and has adopted a listing fee structure which is very competitive.