Regulatory Alerts2022-11-28
Trusts Guidelines
The Financial Services Authority of Seychelles issues these guidelines to outline the registration, administration, and regulatory compliance procedures for trusts governed by the Trusts Act 2021. Licensed Trustee Service Providers and Private Trust Companies must formally register trusts, file trustee appointment or termination notices within twenty-one days, and maintain accurate accounting records in Seychelles on a bi-annual basis for at least seven years. The framework establishes perpetual trust duration, clarifies trustee fiduciary duties and beneficiary information rights, and mandates periodic compliance inspections alongside applicable penalty fees for regulatory adherence.
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