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Welcome to Wikilix

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In-depth Analysis

Comprehensive broker reviews and comparisons

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Join thousands of traders worldwide

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The Seychelles Financial Services Authority official logo

The Seychelles Financial Services Authority

Country
Seychelles
Jurisdiction
Government Regulated
Established in
2001
Official website not available for this regulator

Performance Metrics

Regulator Performance Overview

License Value
30%Poor
Regulatory Framework
5%Poor
Institutional Strength
30%Poor
Risk Management
5%Poor
Overall Performance:Poor (16.7%)
17
Overall Rating
120
Licensed Brokers
N/A
Transparency Index
N/A
Global Tier

About The Seychelles Financial Services Authority

Official regulatory information

Introduction to the Seychelles Financial Services Authority (FSA)

The Seychelles Financial Services Authority (FSA) is an independent regulatory body tasked with overseeing the non-bank financial services sector in Seychelles.

Established under the Financial Services Authority Act, 2013, the FSA ensures that businesses and institutions within its jurisdiction operate in compliance with regulatory and legal standards.

Key Responsibilities of the FSA

The FSA’s primary roles include:

  1. Licensing and Regulation:
  • Issuing and regulating licenses for entities operating in the non-bank financial sector.
  • Enforcing compliance with regulatory frameworks and ensuring adherence to international standards.
  1. Supervision and Monitoring:
  • Overseeing the conduct of businesses in regulated activities to maintain transparency, stability, and investor confidence.
  1. Regulated Activities:
  2. The FSA supervises a variety of non-bank financial services, including:
  • Fiduciary Services
  • Capital Markets & Collective Investment Schemes
  • Insurance Services
  • Gambling and Gaming Activities
  1. Business Registration:
  2. In addition to its regulatory functions, the FSA handles the registration of key international business entities, including:
  • International Business Companies (IBCs)
  • Foundations
  • Limited Partnerships
  • International Trusts

Commitment to Financial Integrity

The FSA plays a vital role in fostering a robust and trustworthy financial environment in Seychelles.

By ensuring compliance, supporting innovation, and maintaining international best practices, the FSA contributes to the growth of Seychelles as a competitive and reputable financial services hub.

Official Description

Contact Information

live chat icon

Live chat

https://fsaseychelles.sc/complaint-handling
at icon

Email

[email protected]

Instruments and Trading Limits

Regulated financial instruments

Stocks, Fund

0

Key Performance Indicators

Total Rating

0

Total cumulative score across all categories
Average Rating

0

Average score across all performance metrics
Years Active

24

Years of regulatory operation
Active Licenses

120

Currently active licenses
Regulated Instruments

2

Types of financial instruments
Geographical Coverage

1

Countries under jurisdiction

Client Protection Details

Client Fund Insurance

Insurance coverage protecting client deposits and funds

✗
Status:Contact regulator for specific details

Segregated Accounts

Requirement for client funds to be held separately from company funds

✗
Status:Not Supported

Negative Balance Protection

Protection against negative account balances in trading

✗
Status:Not Supported

Investment Professional Support

Access to qualified investment professionals and advisory services

✗
Status:Not Available

Operational Metrics

compliance
Transparency Level

N/A

market
Market Position

N/A

regulatory
Regulatory Approach

Government-regulated

Coverage
Prohibited Countries

Not specified

Compliance Status

IOSCO Membership
Member of International Organization of Securities Commissions
✗ Not Available
FATF Membership
Financial Action Task Force compliance
✗ Not Available
Fund Insurance
Client fund protection schemes available
✗ Not Available
Segregated Accounts
Mandatory client account segregation
✗ Not Available

Regulatory Performance Scores

Detailed assessment of regulatory capabilities and effectiveness

Below Average
17SCORE
Overall Rating
0
Excellent
0
Excellence Rate
30
Highest Score
0
Above Average

Regulatory Support Features

Negative Balance Protection
Not Supported
Investment Professional
Not Supported
Segregated Accounts
Not Supported

Core Performance Metrics

Detailed breakdown of the 6 key regulatory performance indicators

License Value

Value and prestige of licenses issued by this regulator

30
out of 100
Needs Improvement
Regulatory

Effectiveness of regulatory framework and enforcement

5
out of 100
Needs Improvement
Institutional

Institutional strength and organizational capability

30
out of 100
Needs Improvement
Risk Management

Risk assessment and management protocols

5
out of 100
Needs Improvement
Investment Protection

Investor protection measures and safeguards

30
out of 100
Needs Improvement
Client Fund Insurance Rating

Client fund protection and insurance coverage

0
out of 100
Needs Improvement

Performance Summary

This regulator shows below average performance with an overall score of 17.

Strongest performance in License Value

17
Overall

Licensed Brokers

Brokers authorized and regulated by this authority

0 Licensed Brokers

No brokers found

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