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FSA Seychelles attends Asia Outbound Summit |19 May 2022

FSA Seychelles attends Asia Outbound Summit

The Seychelles delegation in a souvenir photograph

The Financial Services Authority (FSA) attended the Asia Outbound Summit held in Dubai from May 17-18, 2022.

The Summit was attended by the chief executive of the FSA, Damien Thesee; the respective technical staff of the Authority; industry representative from the Fiduciary and Capital Markets Sector, as well as a representative of the Seychelles International Financial Services Association (SIFSA).

The business conference targeted potential investors and the international business community in the financial services industry.

The Summit is focusing on the structures available in the Seychelles as possible investment vehicles. In her presentation, Virginie Quatre, the director for Capital Markets, touched on the legislative framework governing the FSA and explained the Capital Markets structures, while Willem Du Preez, the executive director of Intercontinental Trust Limited, focused on the structures within the Fiduciary Sector.

The event allowed Seychelles to maintain its visibility internationally, as well as showcase the advantages of setting up such businesses and investing in Seychelles.

The FSA Seychelles has a clear strategic vision to bring about the necessary compliance through continuous amendments in our laws and regulations to be at par with international standards and best practices, within which it aims to attract reputable investors to the country.

While the summit was an opportunity to promote Seychelles as a financial services jurisdiction of substance, it also enabled the Authority to learn of the good practices of the other jurisdictions and the issues they are facing.

The industry representatives present also had the opportunity to promote their services and to network with other practitioners from the participating jurisdictions.

Mr Thesee stated that the FSA is very pleased with the level of participation received for the event and that the need to maintain our visibility remains a top priority for small jurisdictions like ourselves.

 

Press release from the Financial Services Authority

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