FSA & SRC sign Memorandum of Understanding

The Financial Services Authority (FSA) and Seychelles Revenue Commission (SRC) have taken a step further to increase greater collaboration and coordination in the discharge of their regulatory and supervisory functions between both parties by signing a new Memorandum of Understanding (MoU).

The MoU has been built based on the mutual concern that both authorities have in relation to nonbanking financial services in Seychelles and this will enable them to consult regularly regarding their supervisory requirements and issues of relevance to the interest of both authorities.

The MoU also sets forth the intent of both parties to establish a framework to the full extent on cooperation permitted by regulations and rules under each authorities’ mandate, principally for: -

   i. the exchange of information pertaining to tax, accounting records and ownership of licensees;

   ii. the exchange of information and data in line with the monitoring substantial activity as per the OECD’s requirements for licensees that falls under the Securities Act and Mutual Fund and Hedge Fund Act;

   iii. the exchange of information and data in relation to European Union’s requirements for monitoring of economic substance that would be coming to force in the near future;

In a nutshell, all the above would ensure compliance by collaborating and to conduct risk-based supervision through onsite inspections and exchange relevant information and findings.

The MoU was signed by the FSA’s Chief Executive Officer, Dr. Steve Fanny and SRC’s Commissioner General, Mrs Veronique Herminie.

Attachment can be downloaded below

National Anti-Money Laundering and Countering the Financing of Terrorism Committee holds second meeting

National Anti-Money Laundering and Countering the Financing of Terrorism Committee holds second meeting

Tuesday 12th March 2019: The National Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) Committee, has started work towards its objective of strengthening the Seychelles’ AML/CFT  framework.


Title: The Financial Services Authority (FSA) is inviting all local registered and licensed Individuals or Audit Firms in the Seychelles to undertake Professional Auditing Services for the Policy Owners Protection Fund (“POPF”) accounts administered by the FSA.
The delivery schedule to complete the services on a yearly basis shall be three (3) months upon the end of the preceding financial year-end.
Deliverables:Prepared the audited financial accounts for the POPF of which includes;
1. Evaluation and Reconciliation of Bank Statements;
2. Review and audit of revenues and expenses;
More details for the deliverables of the audit can be requested by emailing the below contact as from 28 November 2022.
Performance Period:Three (3) consecutive years
Submission of Expression of Interest:
All interested parties should convey their interest to the
No later than 09 December 2022 by email at procurement@fsaseychelles.sc along with the below documents:
1. Copy of a valid business registration and license.
2. Company profile indicating the name and qualifications of key person to be deployed for the audit.
All enquiries should be addressed to:
Mr. Dereck Volcy
Bois De Rose Avenue, P.O Box 991, Victoria, Mahé, Seychelles
Telephone: 4380800,

Email: procurement@fsaseychelles.sc

Communiqué No. 1 of 2021 – Awareness of Securities Dealers Businesses

The Financial Services Authority (“FSA”) issuesthis Communiqué forthe purpose of providing guidance to the public to effectively identify and ensure that persons claiming to be Securities Dealers licensed by the FSA are genuine.

The Financial Services Authority

Attachment can be downloaded below

FSA and CISI announce new commitment to raise financial services professional standards

The Financial Services Authority (FSA) of the Seychelles and the Chartered Institute for Securities & Investment (CISI) have entered into a Memorandum of Understanding (MoU) committing to work together to enhance and promote professionalism and professional standards in the capital market sector of The Republic of Seychelles.

Attachment can be downloaded below


Bois De Rose Avenue, P.O. Box 991

Victoria, Mahe, Seychelles

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