Regulatory Alerts2022-04-06
Seychelles Financial Services Authority Mutual Fund Guidelines
The Seychelles Financial Services Authority published these guidelines to standardize the licensing and application procedures for mutual funds under the 2008 Mutual Fund and Hedge Fund Act. The document classifies funds into Private, Professional, Public, and Exempt Foreign categories, specifying distinct eligibility thresholds, documentation mandates, and application fees for each. It further establishes a structured approval workflow with defined processing timeframes, fit-and-proper competency standards for operators and administrators, and mandatory independent custody arrangements to ensure ongoing regulatory compliance.
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