Regulatory Alerts2016-07-05
Submission of Periodic Returns
The Central Bank of Seychelles directs all bureaux de change to submit quarterly financial statements (SF(iv) and SF(v)) and bi-annual complaints data (COMP 31) to its Financial Services Supervision Division. The circular mandates that financial statements be filed by the last working day following each quarter, while complaints data must be submitted within fifteen days of the reporting period, both via email to fssdreturns@cbs.sc. Failure to comply constitutes an offence under section 40 of the Financial Institutions Act, 2004, and may result in a conviction fine of SR400,000.
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