SFSA Regulatory Entity

SFSA-Regulatory-Entity
1.
4.8 stars from 347 ratings

Broker Verified

Trade Nation is a truly Multi-Regulated Forex and CFD broker with offices located globally. They offer 24/5 support from market open to close.
CFD service. Your capital is at risk.
Financial spread trading comes with a high risk of losing money rapidly due to leverage. You should consider whether you understand how spread trading works and whether you can afford to take the high risk of losing your money.
2.
4.7 stars from 505 ratings

Broker Verified

Markets.com provides a unique trading experience for forex and stock traders alike. They are a global multi-regulated CFD broker regulated in SA.
CFD service. Your capital is at risk.
Remember that CFDs are a leveraged product and can result in the loss of your entire capital. Please ensure you fully understand the risks involved.
3.
4.6 stars from 425 ratings

Broker Verified

This modern broker for traders of a new generation has been operating since 2016 and changed its brand to Axiance in August 2021.
CFD service. Your capital is at risk.
Remember that CFDs are a leveraged product and can result in the loss of your entire capital. Please ensure you fully understand the risks involved.

SFSA stands for Seychelles Financial Services Authority. This regulatory entity supervises non-bank financial services located in Seychelles. The Financial Services Authority Act (2013) coordinates its activities.

SFSA has a wide range of functions and responsibilities to perform while continuously regulating financial services.

We all know that Seychelles is the main destination for performing offshore financial services. And therefore, numerous capital market companies make their way to this destination for high growth. SFSA has a major role to play in the sector of non-bank financial services.

According to the official website, Seychelles is positioning itself to become a leading centre of financial services. By developing and applying sound regulations, this is made possible.

To facilitate the growth of non-bank financial services, the SFSA contributes to establishing such an environment. Several national economic development strategies are being developed for that purpose. Over the past 25 years, SFSA has been providing superior services to the financial market.

SFSA regulatory powers & areas

Several regulatory powers and responsibilities are assigned to SFSA under the Financial Services Authority Act (2013). Their primary responsibility is to issue licenses for all non-banking services in Seychelles.

Only those sectors that propose to operate their business in Seychelles in the financial market are eligible for this license.

Also, it monitors all the entities and individuals associated with the non-bank financial services industry within Seychelles. In addition, they are responsible for registering foundations, limited partnerships, international business companies, and international trusts based in Seychelles.

In addition, they are also empowered to monitor, supervise, and even regulate the licenses. They also supervise the mechanisms, develop the legal entity, administer the registry, and take immediate measures.

The FSA also educates and informs the general public about certain functions of financial services. To survive in SFSA regulatory listing, those financial sectors need to follow those rules.

SFSA-Regulatory-Entity-Seychelles-Flag

Broker
Rating
Regulated
Bonus
Min. Deposit
Max. Leverage
1.
Trade Nation Broker Review
4.8 stars from 347 ratings

Broker Verified

FCA, FSCA, ASIC, SCB

N/A

USD 1

1:200

Review Sign up Sign up
CFD service. Your capital is at risk.
Financial spread trading comes with a high risk of losing money rapidly due to leverage. You should consider whether you understand how spread trading works and whether you can afford to take the high risk of losing your money.
2.
Markets.com Broker Review
4.7 stars from 505 ratings

Broker Verified

FCA, ASIC, CySEC, FSCA, BVIFSC

up to 25%

USD 100

1:300

Review Sign up Sign up
CFD service. Your capital is at risk.
Remember that CFDs are a leveraged product and can result in the loss of your entire capital. Please ensure you fully understand the risks involved.
3.
Axiance Broker Review
4.6 stars from 425 ratings

Broker Verified

CySEC, FSA (Seychelles)

up to 100%

USD 100

1:500

Review Sign up Sign up
CFD service. Your capital is at risk.
Remember that CFDs are a leveraged product and can result in the loss of your entire capital. Please ensure you fully understand the risks involved.
4.
Exness Broker Review
4.6 stars from 301 ratings

Broker Verified

SFSA, FSC (BVI), CBCS, FSCA, FSC (Mauritius)

up to 10%

USD 10

1:2000

Review Sign up Sign up
CFD service. Your capital is at risk.
Remember that CFDs are a leveraged product and can result in the loss of your entire capital. Please ensure you fully understand the risks involved.

More information

Regulator Name Financial Services Authority of Seychelles
Acronym SFSA
Headquarters Roche Caiman Victoria Mahé, Republic of Seychelles
Website https://www.fsaseychelles.sc/
Founded 1995
Markets Regulated Fiduciary services, insurance, capital market and collective investment, gambling, forex, CFD, securities

What are the benefits of SFSA regulatory entity license?

A few of the benefits which you can get by acquiring the license of SFSA regulatory entity are:

  • Get employment in the securities market
  • Securities brokerage services
  • Get into securities transactions
  • Start investment consulting
  • Perform portfolio management

Key objectives of SFSA Regulatory Entity

In 2000, the Financial Services and Markets Act introduced the Financial Services Authority. It began working under the Board of Securities and Investments in 1985. In 1997, they gained authority over financial services, which was resolved in 2013.

The SFSA regulates financial advisors, banks, insurance companies, and entities. All of these bodies must also be involved with mortgages. Thus, regulation by the SFSA has diverse duties and a clear objective.

The key objective of their campaign is to promote the confidence of the market to function brilliantly in the UK. In addition, they raise the public’s awareness of the UK market so individuals can better understand.

In addition, they are taught about how to secure their financial system and develop powerful consumer protections. And this knowledge will also reduce the impact and incidence of financial crimes in the coming years.

The SFSA recently added improving financial stability to its list of objectives. These objectives are all supported by a proper regulation that is designed based on certain principles.

The SFSA plays a key role in improving the consumer and financial sectors in the UK. They pursue wide transparency in which agencies develop a policy and carry out certain functions.

These functions provide stable accountability to the public, legal and political sectors. An annual report is also generated, which highlights the overall performance assessment towards the achievement of principles.

How you can apply for SFSA regulatory license?

You should pay attention to a few things if you want to get an SFSA license. First, application requirements will vary from one entity-body to another.

SFSA regulation depends on the type of business you are engaged in. Therefore, the type of business you handle will also affect the application. Get in touch with the SFSA’s official website to begin the application process. It probably takes 6 months for the FSA regulatory officers to complete the authorisation process.

If the firm has been duly authorised, you should also apply for the PRA. The procedure may take nearly 12 months if the delays are caused by you. The authorisation application also requires a small fee.

An appointed organisation or appointed representative provides services on behalf of a recognised entity. The relationship between the company and the authorised representative is one of agent and principal.

Why did SFSA cancel the regulatory license?

SFSA may revoke the authorisation license of any firm or individual for several reasons. Of all such reasons, the most common is the failure to follow the management’s obligations.

For any changes to the license, the firm must first inform the regulatory team through an application. Making some changes to the license without submitting an application is against the rules. SFSA’s official website provides all the rules prescribed by the agency.

It has certain significant powers, which include the regulation of financial products marketed by the agency. Consequently, they specify the minimum standards that must be met to meet the requirements for the products.

The SFSA has the power to investigate either individuals or organisations associated with it. In addition, the regulatory entity can ban a product or an organisation for a specified period if they do not comply with the laws.

Bottom line

In conclusion, the SFSA is fully responsible for regulating financial advisors, banks, or insurance companies. Even mortgage businesses are supervised by them. To facilitate the growth of non-bank financial services, the SFSA contributes to establishing such an environment.

The main objective of these organisations is to encourage the financial system, educate the public, and ensure that people know the financial obligations they have to adhere to.

Relevant Posts

Leave a Reply

Trade Nation TN Logo

$1 Minimum Deposit

Trade Nation TN Logo

$1 Minimum Deposit

South Africa's Top 4 Brokers

Minimum
Deposit

USD1

Welcome Bonus

N/A

Minimum
Deposit

USD100

Welcome Bonus

25%

Minimum
Deposit

USD100

Welcome Bonus

100%

Minimum
Deposit

USD10

Welcome Bonus

10%

South Africa's Top 4 Brokers

Trade Nation TN Logo

Minimum Deposit

USD1

Max. Leverage

1:200

Welcome Bonus

N/A

Markets.com Logo

Minimum Deposit

USD100

Max. Leverage

1:300

Welcome Bonus

up to 25%

Axiance-Logo

Minimum Deposit

USD100

Max. Leverage

1:500

Welcome Bonus

100%

Exness Logo

Minimum Deposit

USD10

Max. Leverage

1:2000

Welcome Bonus

up to 10%