Board of Directors

The Board of the FSA is the governing body of the Authority and is empowered pursuant to Section 6 of the FSA Act to establish the policy of the Authority and monitor and oversee its implementation. The Board oversees the management of the Authority by the Chief Executive Officer in terms of ensuring that the resources of the Authority are utilized economically and efficiently, the internal management and financial controls of the Authority are adequate, that the Authority operates in accordance with the principles of good governance and fulfils its statutory obligations and properly discharges its functions. The Board is established pursuant to Section 5 of the FSA Act. The Board is presided over by the Chairperson, who is appointed by the President.

The members of the Board are appointed for a fixed term. Members include representation from both the public and private sector. Membership is in line with Section 5 of the FSA Act and includes both ex-officio representatives as well as members appointed by the President.

President Wavel Ramkalawan appointed the current Board of the FSA, effective Thursday 21st January, 2021, for a term of three years.

The Secretary to the Board is Ms. Taryn Auguste.

 Capacity in accordance with Section 5 of the Financial Services Authority Act, 2013 Member
 

S5(1)(a)     Chairperson

S5(1)(b)    Chief Executive Officer

S5(1)(c)    Principal Secretary of the Ministry responsible for Finance or a representative of the Principal Secretary

S5(1)(d)   Attorney-General or a representative of the Attorney General

S5(1)(e) Chairperson of the Seychelles Chamber of Commerce and Industry or a representative of the Chairperson

S5(1)(f) Chairperson of the Seychelles Bankers' Association or a representative of the Chairperson

S5(1)(g) Governor of the Central bank of Seychelles or a representative of the Governor

S5(1)(h) Chief Executive Officer of the Seychelles Investment Board or a representative of the Chief Executive Officer

S5(1)(i) Appointed by the President

S5(1)(i) Appointed by the President

 

Mr. Patrick Payet

Mr. Randolf Samson

Mrs. Seylina Joymon

 Mr. Muhammad Saley

Mr. Robert Stravens

Mr. Phillip Moustache

Mrs. Samanta Esparon

Ms. Anne Rosette

Mrs. Wendy Pierre

Mr. Richard Rampal

 
 
Mr. Patrick Payet

Mr. Patrick Payet

Chairman

    Mrs. Seylina Joymon

    Mrs. Seylina Joymon

    Board Member

      Mr. Muhammad Saley

      Mr. Muhammad Saley

      Board Member

        Mr. Robert Stravens

        Board Member

          Mr. Philip Moustache

          Mr. Philip Moustache

          Board Member

            Mrs. Samanta Esparon

            Mrs. Samanta Esparon

            Board Member

              Ms. Anne Rosette

              Ms. Anne Rosette

              Board Member

                Mrs. Wendy Pierre

                Mrs. Wendy Pierre

                Board Member

                  Mr. Richard Rampal

                  Mr. Richard Rampal

                  Board Member

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                    The Board carries out its function though the following sub-committees:
                    Audit and Risk Committee

                    The Audit Committee is charged with oversight of the FSA’s audit and control functions. The Audit Committee assists the Board in fulfilling its oversight responsibilities and reviews the financial reporting process, the internal control and risk management system, the internal audit process and the process for monitoring compliance with laws, regulations and governance.

                    Members of the Audit Committee

                    Ms. Samanta Esparon – Chairperson

                    Ms. Seylina Verghese – Member

                    Mr. Richard Rampal – Member

                    Secretary to the Committee Ms. Ammu Chetty

                    The Term of Reference of the Audit Committee can be found here.

                    Location

                    Bois De Rose Avenue, P.O. Box 991

                    Victoria, Mahe, Seychelles

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