Regulatory Alerts2008-01-01
Securities (Conduct of Business) Regulations 2008
The Seychelles Minister of Finance, acting on the Securities Authority's recommendation, issued these regulations under the Securities Act 2007 to establish a comprehensive Code of Business Conduct for all licensed securities businesses. Licensees must maintain independence, manage conflicts and inducements, ensure suitability and fair execution of orders, disclose charges transparently, and uphold strict fiduciary duties toward clients. The framework further mandates the segregation of client money in approved bank accounts, seven-year record retention, and robust internal procedures for supervision, complaints handling, and client confidentiality.
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