Regulatory Alerts2007-01-01
Mutual Fund and Hedge Fund Act, 2008 (Consolidated to January 31, 2020)
The Financial Services Authority of Seychelles establishes a comprehensive licensing and regulatory framework for mutual funds, hedge funds, and fund administrators operating locally. The Act mandates distinct licence categories (private, public, and professional), requires fit-and-proper operators and administrators, and imposes strict compliance obligations regarding offering documents, audited accounts, and independent custodians. Furthermore, the Authority is granted broad supervisory powers to inspect records, demand information, enforce name restrictions, and impose penalties for non-compliance.
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