All about Securities Dealer Licence in Seychelles

The Seychelles Financial Services Authority (FSA) is the regulator, established under the Financial Services Authority Act of 2013.

  • Market Making
  • Reception, Transmission & Execution of orders on behalf of clients
  • Portfolio management
  • Investment advice
  • Dealing on Own Account
  • Holding clients' funds

An application submitted to the Authority for a Securities Dealers Licence must comprise of the following documents:

  • A completed Application Form
  • The relevant application fee
  • Certified true copies of the constitutional documents of the applicant (Memorandum and Articles of Association, Certificate of Incorporation, Certificate of good standing);
  • The audited financial statements of the applicant for the last 2 years, if the applicant was not incorporated within the last 12 months
  • Personal Questionnaire Form completed by each director, senior officer, individual shareholder and beneficial owner of the applicant (if the relevant party is listed on a stock exchange in a recognised jurisdiction, Personal Questionnaire Forms are not required)
  • The last audited financial statements of the controlling owners of the applicant if the controlling owner is a non-individual
  • The Representative Licence Application Form (the Securities Authority will not grant a Securities Dealer’s Licence unless the applicant employs at least one individual who is licenced as a representative under the Securities Act 2007)
  • Notice of place at which the Register of Securities is to be kept as per Section 80(2)(a) of the Securities Act, 2007 and Schedule 1, Form 6 of the Securities (Forms and Fees) Regulations, 2008
  • A written notification from the Representative in accordance with the Securities Act, 2007
  • Insurance Policy (appropriate to the proposed nature and size of the business) of the applicant
  • The applicant also has to include the details of the following upon making the application:
  • Auditors or proposed Auditors
  • Lawyers or proposed Lawyers
  • Bankers or proposed Bankers
  • When dealing with an application the FSA will not grant a licence unless it is satisfied that the applicant:
  • Is a Company incorporated in Seychelles or under the laws of a recognized jurisdiction
  • Employs at least 2 (two) natural person Directors
  • Employs at least one individual who is licensed as a representative
  • Complies with the prescribed minimum paid-up capital requirement of US$ 50,000
  • Employs fit and proper person to be licensed as a dealer
  • Must have its accounts audited annually according to the International Financial Reporting Standards
  • The company must rent premises in Seychelles for keeping records or other documents.

    Obtaining Securities Dealer Licence in Seychelles is a relatively quick process, and not too complicated, however a legal representative is a requirement.   Our team of regulatory lawyers and consultants, offering a "one-stop-shop" package of services, can assist you on the whole set up, on drafting of all necessary documents and manuals which will accompany the application, on the licensing  process and for on-going requirements.  We further assist on the bank account opening in Seychelles, as well as on the appointment of Directors. Please note that it is at the FSA's discretion to require local presence and fully operational premises.

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