Regulatory Updates

This notice is issued by the Financial Services Authority of Seychelles (“FSA”) drawing attention to the following websites and the fact that these websites are not linked to any entity licensed or regulated by the FSA in any capacity. Details of the websites are as follows:

Websites:

• https://greenfxtrading.com
• https://bnbsmartchainbots.com
• https://www.bitfxasset.com
• https://premiumfxcrypto.com
• https://paramountsignals.com/auto.html
• https://swiftfxequity.com
• https://fxterminals.com
• https://proximitytrade.com
• https://supremeoctafx.com
• https://fxtradeterminal.com
• https://canyontrendus.com
• https://trade.realfxexperts.com

In addition to the websites mentioned above, two other websites, https://vanguardcapitals.com and https://supremeoptimumfx.com, were also claiming to be operated by a company with company registration number 7819829, which claims to be a company registered under the Laws of Seychelles and licensed by the Financial Services Authority (FSA) of Seychelles with Securities Dealer License Nr. SD087.

However, they are no longer accessible on the internet.

The FSA Seychelles urges investors and members of the public to exercise extreme caution in respect of these websites. The FSA reminds same that the Authority is not responsible should persons continue or maintain client relationships, or uses services provided with or by the aforementioned websites.

Surrender of Sovereign Trust (Seychelles) Limited’s International Corporate Services Licence

 The Financial Services Authority (“FSA”), hereby informs the public that Sovereign Trust (Seychelles) Limited, having its registered address at Sovereign Trust (Seychelles) Limited 1^st Floor, #4 DEKK House, De Zippora Street, Providence Industrial Estate, P.O. Box 505, Mahe, Seychelles has surrendered its International Corporate Services Licence pursuant to Section 30(1) of the Financial Services Authority Act, 2013 (“FSA Act”) effective October 28^th, 2021.

Pursuant to section 4(1)(m) of the FSA Act, the public is hereby notified that the company Sovereign Trust (Seychelles) Limited no longer holds an International Corporate Services Licence No. ICS 056.

All parties concerned kindly contact the FSA, until informed otherwise, in respect to records of specified entities that were under the administration of Sovereign Trust (Seychelles) Limited at the time of the surrender.

Financial Services Authority

Bois De Rose Avenue

P.O Box 991

Victoria, Mahe

Seychelles

The Financial Services Authority is inviting dedicated, dynamic and committed individuals to join its team and help contribute to the success of the financial services industry.

Facilities and Maintenance Officer

Facilities and Logistics Section

Job Purpose:

Undertake minor technical and maintenance work and provide efficient assistance in the Technical and Maintenance Team and support in building and grounds maintenance work in order to effectively meet the FSA’s building and grounds maintenance programmes.

 Summary of Duties:

• General cleaning duties in the FSA Bois De Rose zone and surrounding warehouses;
• Perform landscaping duties;
• Undertake minor repair works such as plumbing and carpentry;
• Carry out maintenance of facilities equipment and set-ups (Electricals, Air-Conditioning units, Sewage)
• In time of staff shortage within the security unit, assist with security duties;
• In time of a driver’s absence assist with driving duties.

Minimum entry requirements:

• Post Secondary education at the Seychelles Institute of Technology or Equivalent Qualifications or
• Secondary level of education and a minimum of 2 years of relevant working experience in a similar post.

 Salary:

Commensurate with qualifications and experience.

To Apply:

Please forward your covering letter, curriculum vitae, certificates, references and referees to:

Head of Corporate Affairs

Financial Services Authority

P.O. Box 991, Bois De Rose Avenue, Mahe

Email: recruitment@fsaseychelles.sc

Closing date of application: 5^th November, 2021

This notice is issued by the Financial Services Authority of Seychelles (“FSA”) drawing attention to the following website and the fact that this website is not linked to any entity licensed or regulated by the FSA in any capacity. Details on the website are as follows:

Website:

https://finaeight.com/

The FSA Seychelles urges investors and members of the public to exercise extreme caution in respect of this website. The FSA reminds same that the Authority is not responsible should persons continue or maintain client relationship, or uses services provided with or by the aforementioned website.

The Financial Services Authority (“FSA/Authority”) hereby gives notice to the general public, pursuant to section 28(2)(c) of the Financial Services Authority Act, 2013 (“FSA Act”), that the Public Fund Licence held by Gold Champion Unit Trust has been revoked pursuant to section 29(1) of the FSA Act, effective October 22^nd, 2021.

The FSA hereby reminds the public that the Authority is not responsible should persons continue or maintain client relationship with Gold Champion Unit Trust

The Financial Services Authority

This notice is issued by the Financial Services Authority of Seychelles (“FSA”) drawing attention to the following website and the fact that this website is not linked to any entity licensed or regulated by the FSA in any capacity. Details on the website are as follows:

Website:

https://everprotrader.com/

The FSA Seychelles urges investors and members of the public to exercise extreme caution in respect of this website. The FSA reminds same that the Authority is not responsible should persons continue or maintain client relationship, or uses services provided with or by the aforementioned website.

This notice is issued by the Financial Services Authority of Seychelles (“FSA”) drawing attention to the following website https://www.universal.co.za and the fact that this website is linked to Universal Health Care (South Africa) which is providing insurance business to the local market. The FSA would like to advise consumers that Universal Health Care (South Africa) is not licensed by the FSA to conduct insurance business in and/or from within the Seychelles.

The FSA Seychelles urges members of the public to exercise extreme caution in respect of this company and any services or products being offered. The FSA reminds same that the Authority is not responsible should persons continue or maintain client relationships or utilise services provided with or by the aforementioned company. If consumers engage the services of any insurance company not licensed by the FSA, they are not protected under the Insurance Act and the regulations which govern entities licensed in the Seychelles.

The Financial Services Authority

21 October 2021

This notice is issued by the Financial Services Authority of Seychelles (“FSA”) drawing attention to the following website https://royal-assist.com and the fact that this website is linked to Royal Assist Private Limited which claims to be providing medical insurance business solutions. The FSA would like to advise consumers that Royal Assist Private Limited is not licensed by the FSA to conduct insurance business in and/or from within the Seychelles.

The FSA Seychelles urges members of the public to exercise extreme caution in respect of this company and any services or products being offered. The FSA reminds same that the Authority is not responsible should persons continue or maintain client relationships or utilise services provided with or by the aforementioned company. If consumers engage the services of any insurance company not licensed by the FSA, they are not protected under the Insurance Act and the regulations which govern entities licensed in the Seychelles.

The Financial Services Authority

21 October 2021

Unauthorized use of websitehttps://idealfxhub.com/  (the “unlawful website”)

This notice is issued by the Financial Services Authority of Seychelles (“FSA”) drawing attention to the following website and the fact that this website is not linked to any entity licensed or regulated by the FSA in any capacity. Details on the website are as follows:

Website:

https://idealfxhub.com/

The FSA Seychelles urges investors and members of the public to exercise extreme caution in respect of this website. The FSA reminds same that the Authority is not responsible should persons continue or maintain client relationship, or uses services provided with or by the aforementioned website.

Insurance, Gambling and Pension Supervision Section

Job Purpose:

Responsible to oversee the prudential and market conduct of regulated entities in order to ensure compliance and to achieve the sections overall goals and objectives.

Summary of Duties:

• Review and evaluate license and/or registration application made under the Insurance Act, 2008 and under the Gambling Act, 2014.
• Assist with corporate governance, internal controls, risk management issues.
• Process and approve changes in licensee’s structure.
• Review and approve products (for life insurance business).
• Assist in policy matters such as new products, laws and regulations, codes, guidelines, Memorandum of Understanding (MOU).
• Assist in the continuous review and update of application procedure manuals, fit and proper procedure manuals in accordance to international best practices.
• Assist in the development and implementation of financial consumer education programmes.
• Participate in undertaking market research for continuous improvement of the regulatory/supervisory framework for the various sector under its purview.
• Assist on on-site inspections.
• Assist in AML/CFT matters.

Minimum Entry Requirements:

• Degree in Insurance, Mathematics, Risk Management, Economics, Actuarial Science, Statistics, Finance, Accounting or a related field; or
• Professional qualifications in Insurance/Pension/Financial Planning/Finance and Accounting from a recognised professional body; and
• A minimum of 3 years of relevant working experience, of which at least 2 years should be within the insurance and gambling industry and/or insurance and gambling regulatory environment; and
• Relevant compliance, operational and managerial experience in financial services.

 Salary:

Commensurate with qualifications and experience.

 To Apply:

Please forward your covering letter, curriculum vitae, certificates, references and referees to:

Head of Corporate Affairs

Financial Services Authority

P.O. Box 991, Bois De Rose Avenue, Mahe

Email: recruitment@fsaseychelles.sc

Closing date of application: 15^th October, 2021