FSA offers scholarships relevant to fiduciary services sector |05 January 2017

The Financial Services Authority (FSA) will be providing financial aid to individuals willing to pursue further education relevant to the fiduciary services sector.

This, the FSA says, forms part of its mandate to promote capacity building within the non-bank financial services industry and in line with its strategic plan.

Through this initiative, the FSA hopes to alleviate the shortage of adequately skilled manpower required to serve a growing industry by ensuring that individuals interested in seeking a career in this sector acquire the relevant competencies in terms of formal training and qualifications.

Courses or trainings eligible to be partially or fully financed include the following:

• Introductory Certificate in Seychelles Financial Services;

• International Finance and Administration qualification (IFA), offered by the Institute of Chartered Secretaries and Administrators (ICSA);

• Diploma in Offshore Financial Administration (DOFA), offered by the Institute of Chartered Secretaries and Administrators (ICSA);

• Certificates and Advanced Certificates offered by the Society of Trust and Estate Practitioners;

• Society of Trust and Estate Practitioners (STEP) Diploma in International Trust Management;

• Certificates, Advanced Certificates and Diplomas offered by the International Compliance Association;

• Any other professional course relevant to the industry.

Interested persons are required to meet minimum requirements to benefit from the scholarship programme. They must be above 18 years of age, must be undertaking the course for the first time and must express interest in working within the industry.

These courses are offered by the Guy Morel Institute of the University of Seychelles.

For such courses, the candidates have to apply for the course directly to the Guy Morel Institute, when the courses are on offer.

Upon closing date of the application, the list of the applicants will be shared with the FSA, which will then approve the candidates eligible for scholarship based on quota and to the applicant being successfully accepted to the course.

The Guy Morel Institute will communicate with the candidates to advise who will benefit for the scholarship.

FSA has said that it will be funding 50% to 90% of the cost of the course for the successful applicants.

Individuals with a Scholarship under this policy bear no obligation to the FSA and the fiduciary services industry but will be strongly encouraged to seek employment within the fiduciary services industry. Further information is available from the FSA.

Through the introduction of this new initiative, the FSA reinforces its commitment to enhancing the development of the fiduciary services industry through capacity building. Interested individuals are strongly urged to give due consideration to this new opportunity.