Regulatory Alerts2024-09-10
Securities Dealer Application Guidelines
The Financial Services Authority of Seychelles issues these guidelines to establish the licensing framework and operational requirements for Securities Dealers under the Securities Act, 2007. Applicants must submit comprehensive documentation, pay a US$3,000 application fee, maintain a minimum paid-up capital of US$100,000, and appoint fit-and-proper directors, representatives, compliance officers, and auditors. The Authority processes complete applications within thirty working days, grants standard or restricted licences based on fitness and proprietary criteria, and mandates annual renewals with penalties for unlicensed operations or late submissions.
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