Regulatory Updates

The Financial Services Authority (“FSA/Authority”) hereby gives notice to the general public, pursuant Section 4(1)(m) of the Financial Services Authority Act, 2013 (“FSA Act”), that the Securities Dealer Licence of Triumph Int. (SC) Limited and that of the Securities Dealer Representative Licence of Mr. Christroforos Christoforou have been revoked as per the requirements of Section 29(1) of the FSA Act, effective November 7^th, 2024.

Furthermore, the fit and proper status of Mr. Joel Prakash Benedict as the Director of Triumph Int. (SC) Limited and the fit and proper status Mr. Christoforos Christoforou  as the Director and Securities Dealer Representative of Triumph Int. (SC) Limited have been removed  effective immediately.

The Financial Services Authority (“FSA/Authority”) hereby gives notice to the general public, pursuant Section 4(1)(m) of the Financial Services Authority Act, 2013 (“FSA Act”), that the Securities Dealer Licence of OTEX UNIVERSAL HOLDINGS LIMITED and that of the Securities Dealer Representative Licence of Mr. Dakis Leontiou have been surrendered as per the requirements of Section 30(1) of the FSA Act, effective November 7th, 2024.

The Financial Services Authority of Seychelles (“FSA”/ “Authority”) is issuing a notice to its licensees and members of the general public.

Please be advised that Seychelles Reinsurance Global Limited (SeyRe - Global) is neither licensed nor is it regulated by the FSA in any capacity; furthermore please take note that the website https://seychellesreinsuranceglobal.com/ is not linked to any entity licensed and/ or regulated by the FSA in any capacity.

The Financial Services Authority of Seychelles (“FSA”) is issuing a notice to its investors, licensees and members of the general public to the website https://pro-copytrade.com/. The Authority takes note that the website refers to a company named Procopy Trade Ltd claiming to be authorized and regulated by the Seychelles Financial Services Authority under license number SD018. Please be advised that the entity is not known, does not hold a valid license nor is it regulated by the FSA in any capacity and the website is not linked to any entity licensed or regulated by the FSA in any capacity.  

The Authority urges investors and members of the general public to conduct adequate research on an entity, service provider(s), and representative prior to engaging in any business activities and/or performing any transactions involving money exchanges or exchanges of personal details. The FSA reminds the public that the Authority shall not be liable should persons continue to engage or maintain client relationship, or make use of services provided with or by the aforementioned website.  

The Financial Services Authority of Seychelles (“FSA”) is issuing a notice to its investors, licensees and members of the general public to the website "https://steerindex.com/". The Authority takes note that the website refers to a company named "Steer Index Ltd", whereby same appears to be a company offering securities business in Seychelles without a license granted by the FSA.

Please be advised that as per the Authority’s records, Steer Index Ltd is not authorized, approved and/or licensed by the FSA in any capacity to offer and/or carry securities business in Seychelles and the website is not linked to any entity licensed and/or regulated by the FSA (in any capacity) under the Securities Act ,2007.

The Authority urges investors and members of the general public to conduct adequate research on an entity, service provider(s), and representative prior to engaging in any business activities and/or performing any transactions involving money exchanges or exchanges of personal details. The FSA reminds the public that the Authority shall not be liable should persons continue to engage or maintain client relationship, or make use of services provided with or by the aforementioned website. 

The Financial Services Authority (“FSA/Authority”) hereby gives notice to the general public, pursuant Section 4(1)(m) of the Financial Services Authority Act, 2013 (“FSA Act”), that the Securities Dealer Licence of HDR Virtual Assets Trading Ltd and that of the Securities Dealer Representative Licence of Mr. Arthur Hayes have been surrendered as per the requirements of Section 30(1) of the FSA Act, effective October 21^st, 2024.

 The Financial Services Authority (“FSA/Authority”) hereby gives notice to the general public, pursuant Section 4(1)(m) of the Financial Services Authority Act, 2013 (“FSA Act”), that the Securities Dealer Licence of AMALGA SECURITIES LTD and that of the Securities Dealer Representative Licence of Mr. Craig Johnson have been surrendered as per the requirements of Section 30(1) of the FSA Act, effective October 24th, 2024.

The Financial Services Authority of Seychelles (“FSA”/ “Authority”) is issuing a notice to investors, licensees and members of the general public as to the website https://www.bitunix.com/about-us which is claiming to be a digital asset exchange licenced by the Seychelles FSA.

Please be advised that Bitunix does not hold a valid license nor is it regulated by the FSA in any capacity; furthermore please take note that the website is not linked to any entity licensed and/ or regulated by the FSA in any capacity.

Please be advised that predating the 1^st September 2024, the Seychelles had yet to pass the Virtual Asset Service Providers Act, 2024 (“the Act”) meaning that any virtual asset services and/or activity conducted before the passing of the Act  was unregulated. Following the enactment of the aforementioned Act, all entities wishing to offer Virtual Asset Services in or from the Seychelles must now apply for a licence.

Entities presently operating prior to the Act coming into force have until the 31^st December 2024 to submit a complete application in order to continue its operations. Nonetheless, entities may not hold themselves out as having received a licence by virtue of submitting a completed application.

The Authority urges investors and members of the general public to conduct adequate research on an entity, service provider(s), and representative prior to engaging in any business activities and/ or performing any transactions involving money exchanges or exchanges of personal details.

The FSA reminds the public that the Authority shall not be liable should persons continue to engage or maintain client relationship, or make use of services provided with or by the aforementioned website.

20 September 2024

This notice is issued by the Financial Services Authority of Seychelles (“FSA”) drawing attention to the website https://trustcapitalpl.com/ and the fact that the website is not linked to any entity licensed or regulated by the FSA in any capacity.

Furthermore, the FSA Seychelles urges investors and members of the public to exercise adequate research and evaluation on an entity, service providers, and representatives prior to conducting business and/or performing any transactions involving money exchanges or exchanges of personal details. The FSA also reminds the public 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 website https://quomarkets.com/ and the fact that the website is not linked to any entity licensed or regulated by the FSA in any capacity.

Furthermore, the FSA Seychelles urges investors and members of the public to exercise adequate research and evaluation on an entity, service providers, and representatives prior to conducting business and/or performing any transactions involving money exchanges or exchanges of personal details. The FSA also reminds the public that the Authority is not responsible should persons continue or maintain client relationship, or uses services provided with or by the aforementioned website.