Regulatory Alerts2025-01-01
Circular No. 11 of 2025 - Periodic Review under the Beneficial Ownership Regulations
The Financial Services Authority of Seychelles mandates that all legal persons and arrangements conduct a periodic beneficial ownership review within three months prior to their registration anniversary. The requirement obligates beneficial owners themselves, rather than professional intermediaries, to directly confirm their status and details in a signed Declaration Form retained at the resident agent’s principal place of business. Recent inspections identified common non-compliances regarding signing timelines and third-party confirmations, with failures potentially triggering direct enforcement action by the Authority.
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