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:
- 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.
- Supervision and Monitoring:
- Overseeing the conduct of businesses in regulated activities to maintain transparency, stability, and investor confidence.
- Regulated Activities:
- The FSA supervises a variety of non-bank financial services, including:
- Fiduciary Services
- Capital Markets & Collective Investment Schemes
- Insurance Services
- Gambling and Gaming Activities
- Business Registration:
- 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.