Regulatory Alerts2022-04-07
Central Bank of Seychelles Directive on Draft Audited Financial Statements for Bureaux de Change
The Central Bank of Seychelles has directed all Bureaux de Change to eliminate the mandatory submission of draft audited financial statements under Section 38(2)(A) of the Financial Institutions Act. Effective for 2022, this directive shifts regulatory enforcement to final auditor reports and audited financial statements while legislative amendments proceed. The change streamlines supervisory efficiency by relying on finalized data and acknowledging auditor accountability for audit quality.
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