Regulatory Alerts2025-05-15
Guidelines on Reporting Duties of Financial Service Providers
The Financial Services Authority of Seychelles mandates all licensed financial service providers to submit bi-annual reports detailing their financial consumer protection frameworks and operational practices. These reports must comprehensively cover mandatory internal policies, compliance monitoring measures, financial literacy initiatives, internal dispute statistics, and oversight mechanisms for agents and third-party vendors. Submissions are due by 15 July and 15 January annually, with non-compliance or incomplete filings subject to administrative penalties of up to SCR 10,000 plus daily fines.
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