Administration

Administration

Fund Administration Functions

Rubicon has outsourced all fund administration to Drake. This ensures independence on all administration, calculation and finalisation of net asset value of our funds. Some of the services offered by Drake include fund accounting services, fund administration, annual financial statement preparation and audit liaison, cash management services, transfer agency etc. Drake also prepares investor statements.

Client Reporting

Drake sends out investor reports detailing the percentage movement and net asset value for the respective period i.e. quarterly. In addition, Rubicon will provide quarterly reporting to investors in the form market commentary and face-to-face reporting to the client.

Compliance

The Financial Services Commission (FSC) was established as the regulator for the non-bank financial services sector under the Financial Services Development Act 2001. The FSC is the integrated regulator for the industry and its remit encompasses those of the former regulatory bodies for securities (Stock Exchange Commission), insurance (Insurance Division of the Ministry of Economic Development, Financial Services and Corporate Affairs) and global business (Mauritius Offshore Business Activities Authority).

The Commission thus licenses, regulates and supervises non-bank financial institutions in Mauritius.

The non-bank financial sector includes institutions involved in Insurance & Pensions, Capital Market operations, Leasing & Credit Finance as well as Global Business activities.

The FSC is also committed to the sustained development of Mauritius as a sound, stable and competitive international financial services centre. Consequently, the Commission promotes the development, fairness, efficiency and transparency of non-bank financial institutions and capital markets in Mauritius whilst ensuring the protection of investors.

Amongst others, the FSC regulates Investment Schemes i.e organised financial arrangements that consolidate investor funds for the purpose of acquiring financial assets such as Global Business funds and other Collective Investment Schemes, Pension and Equity funds, Unit trusts and Authorised mutual funds.

Conflict of Interest Policy (PDF)