Regulatory Alerts2025-01-01
Circular No. 1 of 2025 - Enactment of Securities (Amendment) Act, 2024 and Amended Regulations
The Financial Services Authority of Seychelles issued Circular No. 1 of 2025 to implement the Securities (Amendment) Act, 2024 and four accompanying amendment regulations effective January 1, 2025. The circular mandates a perpetual licensing regime with revised annual fees, introduces pro-rata monthly and quarterly fee structures for new licenses based on issuance timing, and sets a June 30, 2026 compliance deadline for existing licensees regarding most provisions. Regulated entities must adhere to these updated fee schedules, conduct of business rules, advertising standards, and financial statement requirements within the specified timeframes to maintain compliance.
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