Regulatory Alerts2020-01-01
Seychelles Gambling Fees Regulation Rules 2020
The Financial Services Authority of Seychelles issued these rules to establish standardized application fees for Certificates of Approval under the Seychelles Gambling Act, 2014. The schedule specifies tiered fees based on employment status and nationality, charging SCR 1000 for expatriate key employees, SCR 500 for Seychellois key employees, and corresponding reduced rates of SCR 500 and SCR 250 for other staff. These fee structures take effect on 1 February 2020, directly impacting licensing costs for gambling operators and their workforce.
[31st January 2020] Supplement to Official Gazette 47
S.I. 11 of 2020
SEYCHELLES GAMBLING ACT, 2014
(Act 29 of 2014)
Seychelles Gambling (Fees) Rules, 2020
In exercise of the powers conferred by section 57 of the Seychelles Gambling Act, 2014, the Financial Services Authority makes the following Rules —
1. These Rules may be cited as the Seychelles Gambling (Fees) Rules, 2020 and shall come into operation on 1st February 2020.
2. The fee for applying for Certificate of Approval under section 32 of the Act shall be as follows —
| 1 | 2 |
|---|---|
| Key employee management function- | |
| (a) Expatriate workers | SCR 1000 |
| (b) Seychellois workers | SCR 500 |
| Other employee (employee without management function)- | |
| (a) Expatriate workers | SCR 500 |
| (b) Seychellois workers | SCR 250 |
MADE this 31st day of January, 2020.
STEVE FANNY FINANCIAL SERVICES AUTHORITY