Regulatory Alerts2018-05-02
Requirements for the Application of a Hire Purchase Licence
The Financial Services Authority (FSA) outlines the mandatory documentation and operational manuals required for applicants seeking a Hire Purchase licence. Submissions must include completed application forms, certified constitutional and financial records, detailed personal questionnaires with due diligence proofs, and a comprehensive business plan featuring three-year cash flow forecasts. The application package further requires approved procedures, compliance, and anti-money laundering manuals that explicitly detail risk management protocols, conflict of interest policies, and adherence to the Seychelles Anti-Money Laundering Act.
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