We write to advise all licensees and stakeholders that, in compliance with Circular No. 03 of 2026 issued by the Government of Seychelles, our office will be transitioning to a work-from-home arrangement with immediate effect. This measure forms part of a broader national initiative to conserve energy across the public sector.

In light of these arrangements, we strongly encourage all licensees and industry participants to submit documents, applications, and correspondences digitally wherever possible. This will facilitate the timely processing of your submissions and contribute to the continued efficiency of our operations during this period. Where applicable, stakeholders are also encouraged to utilise secure digital signature platforms, such as DocuSign or WISeKey, for the execution of documents, in line with FSA’s Circular No. 13 of 2020 – Acceptance of Digitally Signed Documents.

We wish to assure all stakeholders that these arrangements will have no impact on the delivery standards of our services. All regulatory functions, processing timelines, and day-to-day business activities will continue to operate as normal. Our teams remain fully accessible via email and telephone, and all requests will be attended to without disruption. Stakeholders who experience any service delays or challenges are encouraged to promptly contact the relevant Head of Section or the Chief Executive Officer so that these can be addressed in a timely manner.

We thank you for your understanding and continued cooperation. Should you have any queries regarding the above, please do not hesitate to contact our office through the usual channels.

Financial Services Authority

The Financial Services Authority (FSA) wishes to advise the public as to the circulation of a post from a Facebook account alleging to be Mr Wavel Ramkalawan, the President of the Republic of Seychelles, in respect to the launching of a ‘National Coin’ on the Solana blockchain.

Persons are advised that this post is a scam and the Government of Seychelles has not issued or caused to be issued a ‘National Coin’.

Consumers are reminded to always check whether the VASP or VA products being offered to them are actually licensed/authorized and regulated in the jurisdiction from which they claim to operate. To note, the FSA publishes upon its website all persons authorised or licensed to offer non-bank financial services, including virtual asset services as well as the registration of Initial Coin Offerings or Non-Fungible Tokens.

The Seychelles continues to monitor activities within this domain and the public is encouraged to notify the FSA where they may feel they are engaging with VASPs that are operating without the proper licence or authorisation by making use of the form available on the FSA website at the following link, https://fsaseychelles.sc/vasp/report-suspected-unauthorized-or-unlicensed-va-vasp-activity. 

For any further enquiries, please contact the FSA on vass@fsaseychelles.sc.  

Financial Services Authority

September 04^th, 2024

Members of the Financial Stability Committee (FSC) from the Financial Services Authority (FSA) and the Central Bank of Seychelles (CBS) conducted a press conference on September 2^nd, 2024, with the aim of providing an overview of the FSC's meeting of the 12^th and 20^th of August, 2024.

Following the press conference and concerns raised by some investors the FSA hereby reassures members of the public that the bond default mentioned within the press conference does not relate to any government issued securities or the Cable and Wireless (Seychelles) Limited bond.

The FSA remains committed to appropriately inform and educate the general public of any matters relating to the non-bank financial services business.

Financial Services Authority