Securities Dealer's Licence (Seychelles)

At a glance

What it lets you do

Where it is valid

Cost

Buying a company that already holds it

Prior approval required. No share in a licensed company may be issued, transferred or disposed of without the FSA's prior approval (Securities Act 2007 s.60(1)). There is no percentage threshold: the rule covers every share, and a transfer of the legal or the beneficial interest counts (s.60(3)). The licensee files the application under s.60(1A), added by the Securities (Amendment) Act 2024, with the prescribed fee. Since 1 January 2026 that fee is USD 500 for each shareholder involved (S.I. 120 of 2024, item 12; FSA Circular 15 of 2025). The 10% test in s.60(2) is narrower than it looks. It applies only to a licensee listed on a securities exchange that the FSA has exempted from s.60, which then notifies any change in control or any acquisition of more than 10%. Where shares vest in someone involuntarily or through process of law, the company reports the holder and the number of shares as soon as it becomes aware (s.60(4)). s.60 creates no offence of its own, so the general penalty applies: a fine of up to USD 100,000 for a company (s.127(2)).⁴

Ready-made companies holding this licence: see verified positions.

IF in other countries

Values come from each licence's page, where every figure has its source.

Laws behind it

• Securities Act: Act 8 of 2007 (Cap. 208)