Regulatory Alerts2024-09-10
Securities Dealer Guidelines
The Financial Services Authority of Seychelles issues these guidelines to mandate licensing and detail the application process for Securities Dealers operating under the 2007 Securities Act. Applicants must submit comprehensive documentation, including proof of paid-up capital, fit and proper directors, licensed representatives, and approved operational manuals to secure a standard or restricted licence. The framework establishes a thirty-day service standard, defines annual renewal fees and compliance obligations, and prescribes significant fines for unlicensed operations or misrepresentation.
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