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
Mrs. Seylina Joymon
Mr. Muhammad Saley
Mr. Robert Stravens
Mr. Philip Moustache
Mrs. Samanta Esparon
Ms. Anne Rosette
Mrs. Wendy Pierre
Mr. Richard Rampal
The Board carries out its function though the following sub-committees:
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.