RegAlert

Rule · FSA · 5 Mar 2018

Hire Purchase and Credit Sale (Fees) Regulations 2018

licensing

The Minister of Finance, Trade and Economic Planning has promulgated regulations specifying the annual licence fees mandated by the Hire Purchase and Credit Sale Act, 2013. The schedule establishes a SCR 25,000 charge for new licence issuance and a SCR 15,000 charge for subsequent renewals. These standardized fees apply to all licensed entities operating under the Act effective February 2018.

SeychellesFinancial Services Authority Seychelles

[5th March 2018] Supplement to Official Gazette 41

S.I. 13 of 2018

HIRE PURCHASE AND CREDIT SALE ACT, 2013

(Act 21 of 2013)

Hire Purchase and Credit Sale (Fees) Regulations, 2018

In exercise of the powers conferred by section 29 of the Hire Purchase and Credit Sale Act, the Minister of Finance, Trade and Economic Planning hereby makes the following Regulations—

  1. These Regulations may be cited as the Hire Purchase and Credit Sale (Fees) Regulations, 2018. Citation

  2. The fees payable under this Act are as specified in the Schedule below— Fees

SCHEDULE

12
PurposeFees
Annual Fee payable upon issuance of a licence under section 7(1)SCR 25,000
Annual Fee payable upon renewal of a licence under section 7(2)SCR 15,000

MADE this 23rd day of February, 2018.

PETER LAROSE
MINISTER OF FINANCE, TRADE
AND ECONOMIC PLANNING

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Source: Financial Services Authority Seychelles — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works

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