What’s Next for MiCA? EBA Sets Out Key Recommendations

On 24 September 2026, the European Banking Authority (EBA) published its response to the European Commission’s targeted consultation on the review of the Markets in Crypto-Assets Regulation (MiCA). The response highlights potential changes concerning stablecoin structures,...

From Application to Approval: What the FSA Reviews During a VASP Application

As virtual assets become increasingly integrated into the regulated financial system, obtaining a Virtual Asset Service Provider (VASP) licence in Seychelles requires more than simply establishing a company and submitting an application. The Financial Services Authority (FSA)...

EXPANDING INTO VIRTUAL ASSETS? HERE’S WHAT SEYCHELLES SECURITIES DEALERS NEED TO KNOW

As digital assets become more integrated into financial services, some Securities Dealers are exploring products or services that involve virtual assets, whether through crypto-linked CFDs, stablecoin-related activity or accepting cryptocurrency as payment. This raises the...

What the First Half of 2026 Tells Us About the FSA Seychelles’ Regulatory Priorities

FiveComply’s Regulatory Analysis for Seychelles Securities Dealers The first half of 2026 has been a significant period for Securities Dealers operating in Seychelles. A combination of legislative changes, new regulatory requirements, supervisory communications and...

CySEC Publishes Practical Guide on External Whistleblowing in the Financial Sector

On 14 July 2026, the Cyprus Securities and Exchange Commission (“CySEC”) announced the publication of a Practical Guide to facilitate the application of Circular C608 and the Protection of Persons who Report Breaches of Union and National Law of 2022 (Law...

Meet the New Internal Audit Requirements under the Seychelles Corporate Governance Code

The Financial Services Authority of Seychelles has issued the Code of Corporate Governance, introducing enhanced governance expectations for regulated entities. Among the key developments is the increased emphasis on establishing and maintaining an effective Internal Audit...

AI Can Strengthen Cybersecurity—But It Can Also Break It

Artificial Intelligence (“AI”) is no longer a concept associated solely with innovation and operational efficiency. It has become one of the defining technologies shaping the future of cybersecurity, offering financial institutions significant opportunities to...