Regulatory Alerts2012-11-21
Added · Updated
Financial Institutions (Capital Adequacy) Regulations 2010
The Central Bank of Seychelles issued these regulations to establish capital adequacy standards for all licensed domestic and offshore banks, applied individually and on a consolidated basis. Licensed institutions must maintain unimpaired paid-up capital of at least 20 million Seychelles Rupees or two million United States dollars for offshore operations, alongside a 12 percent capital adequacy ratio and a 6 percent core capital ratio. Banks are restricted from distributing capital unless these thresholds are met and must submit monthly reports detailing tiered capital calculations, risk-adjusted asset valuations, and applicable credit-conversion factors within fifteen days of each month-end.
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