The Financial Services Authority (FSA) of Seychelles via Circular No. 5 of 2023 has informed financial services providers that, given that the guidelines regarding consumer protection have not yet been finalised from the FSA, shall be exempting all financial services providers from the obligation to submit a report due on the 15th of July 2023.
Therefore, any financial service providers who fail to submit their reports by the 15th of July 2023, will NOT incur the penalty provided under the FCPA.
However, financial service providers who have prepared their reports and wish to submit them, may do so, by the July 15th of 2023.
It should be noted, however, that all financial service providers will be required to submit the report for the reporting period of July to December 2023, by the 15th of January 2024.