Regulatory Alerts2025-05-28
Exempt Overseas Securities Dealer Application Guidelines
The Financial Services Authority of Seychelles has issued guidelines establishing the application process and eligibility criteria for Exempt Overseas Securities Dealers under the Securities Act, 2007. The framework requires foreign dealers to demonstrate regulatory equivalence, maintain active exchange membership, and submit complete documentation alongside a US$500 application fee to qualify for exemption from local licensing. Furthermore, the Authority enforces a 60-day processing standard for complete applications, mandates annual licence renewal with associated fees, and obligates licensees to report material changes or disciplinary actions within seven days.
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