Regulatory Alerts2021-01-01
Circular No. 1 of 2021 – Adherence to Section 15 of the Seychelles Gambling Act
The Financial Services Authority (FSA) of Seychelles mandates that all gambling licensees obtain prior written approval before amending their licences or licence conditions under Section 15 of the Seychelles Gambling Act, 2014. Licensees must submit a formal application with the required fee and supporting documentation, covering changes to gaming equipment, approved games, or specifications such as Return to Player percentages. Failure to secure this pre-approval constitutes a statutory offence, exposing non-compliant licensees to imprisonment of up to three years and fines not exceeding SCR 100,000.
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