Regulatory Alerts2010-05-21
Publication of Audited Accounts in Local Newspapers
The Central Bank of Seychelles mandates that all financial institutions publish their audited balance sheets, profit and loss accounts, and auditor reports in daily local newspapers within five months after each calendar year ends. Issued under Section 38(2) of the Financial Institution Act (FIA), 2004, this directive clarifies that displaying directors' signatures on these published accounts is no longer compulsory. Banks must adhere to the five-month publication window while retaining discretion over signature disclosure.
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