Regulatory Alerts2022-03-24
Investment Advisor Application Guidelines
The Financial Services Authority of Seychelles issues these guidelines to standardize the application and licensing process for Investment Advisors under the Securities Act, 2007. The document outlines mandatory submission requirements, including specific application and annual licence fees, minimum paid-up capital of US$25,000, fitness and propriety assessments, and prescribed operational manuals for both corporate and individual applicants. Upon meeting these criteria and fulfilling conditions such as appointing a compliance officer and maintaining appropriate insurance, applicants receive a one-year licence that requires annual renewal and timely notifications of any structural or operational changes.
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