Regulatory Updates

Unauthorised use of websites https://www.oinvest.com/en/about and https://www.2invest.com/  (the “unlawful websites”)

This notice is issued by the Financial Services Authority of Seychelles (“FSA”) drawing attention to the following websites and the fact that these websites are linked to Aronex Corporation Ltd whose Securities Dealer Licence (Licence number SD014) was revoked pursuant to section 29(1) of the FSA Act, effective January 21^st, 2021. Details of these websites are as follows:

Websites:

https://www.oinvest.com/en/about

https://www.2invest.com/

The FSA Seychelles urges investors and members of the public to exercise extreme caution in respect of this website. The FSA reminds same that the Authority is not responsible should persons continue or maintain client relationship, or utilise services provide with or by the aforementioned website.

The Financial Services Authority

The Financial Services Authority hereby gives notice to the general public, pursuant to section 28(2)(c) of the Financial Services Authority Act, 2013 (“FSA Act”), that the above mentioned licence held by Cote D’azur-Mahe Registered Agent Limited has been revoked pursuant to section 29(1) of the FSA Act, effective June 14^th, 2021.

Therefore, note that effective June 14^th, 2021, Cote D’azur-Mahe Registered Agent Limited no longer holds the above mentioned licence.

Financial Services Authority
Bois De Rose Avenue
P.O Box 991
Victoria, Mahe
Seychelles

This notice is issued by the Financial Services Authority of Seychelles (“FSA”) drawing attention to the following website and the fact that this website is not linked to any entities licensed or regulated by the FSA in any capacity. Details on the website are as follows:

Website:

https://everinvest.org/

The FSA Seychelles urges investors and members of the public to exercise extreme caution in respect of this website. The FSA reminds same that the Authority is not responsible should persons continue or maintain client relationship, or utilise services provide with or by the aforementioned website.

The Financial Services Authority

This notice is issued by the Financial Services Authority of Seychelles (“FSA”) drawing attention to the following websites and the fact that contrary to the domain name, these websites are not linked to any entities licensed or regulated by the FSA in any capacity. Details on the website are as follows:

Websites:

https://tickmill.wudinew.com/

http://www.tickmill-invest.com/

The FSA Seychelles urges investors and members of the public to exercise extreme caution in respect of these websites. The FSA reminds same that the Authority is not responsible should persons continue or maintain client relationship, or utilise services provide with or by the aforementioned websites.

The Financial Services Authority

Notice is hereby given that on January 11^th, 2021, the life insurance sub-agent registration of Mr. Daniel Port Louis has lapsed therefore he has ceased to be a life insurance sub-agent.

In accordance with section 120(1) (a) of the Insurance Act, 2008 NOTICE is hereby given that on the day of February 23^rd, 2021, Royal Shield (Pty) Ltd has surrendered its insurance agent licence and has been removed on our register to act as an insurance agent for H. Savy Insurance Co. Ltd.

In accordance with section 10 (1) and 120 (1) (d) of the Insurance Act, 2008 (Act 11 of 2008), notice is hereby given that on the day of March 10^th, 2021, Horizon International Insurance PCC Ltd was licensed to carry on general insurance business only.

In accordance with section 120 (1)(d) of the Insurance Act, 2008, notice is hereby given that on the day of March 16^th, 2021, Jardins Union Insurance PCC Ltd was licensed to as a non-domestic insurer to carry on long-term insurance business only.

Notice is hereby given that on the 24^th March, 2021 Mrs. Nathally Constance has surrendered her registration certificate to act as a life insurance sub agent for SACOS Life Assurance Co. Ltd.

The Financial Services Authority (FSA) and Seychelles Investment Board (SIB) have taken a step further to increase the collaboration between both parties by signing a new Memorandum of Understanding (MoU). This MoU hereby repeals and replaces, in its entirety, the MoU previously entered into on 3rd March 2014 by the FSA and SIB for the implementation of promotional activities by SIB.

The MoU has been built on a statement of intent of the parties, whereby SIB shall principally be responsible for the promotion of non-banking financial services and act as coordinator and facilitator for these promotional activities.

The MoU also sets forth the intent of both parties to establish a framework, with the intention of mutual assistance and coordination to the full extent permitted by the laws, regulations and rules under the parties’ respective responsibility, including: -

1. To organize roadshows and participate in international conferences and events in key emerging markets in order to maintain visibility of the jurisdiction
2. To promote Seychelles internationally as a premier jurisdiction for non-bank financial services centre
3. To maintain a strong relationship through close collaboration between the government and the private sector through the Financial Service Marketing Committee (FSMC)
4. To ensure a strategic approach to the promotion of the non-bank financial services industry
5. v. To enhance knowledge on training initiatives relating to the promotion of the industry

The intent is to ensure harmonization and collaboration between both parties so as to promote the non-banking financial services in Seychelles. This will bring further economic prosperity, international visibility and heighten Seychelles’ competitive advantage internationally.

The MoU was signed by the FSA’s Chief Executive Officer, Dr. Steve Fanny and SIB’s Chief Executive Officer, Ms. Cindy Vidot.