Certificate of Qualification for Fund Manager


Authorization to Administer

The Financial Services Authority of Seychelles issues fund administrator licences in accordance with the Mutual Fund and Hedge Fund Act, 2008. The legislation establishes rules for the registration and regulation of investment pools like mutual funds.

a) Permitted Activities under License

  • in charge of (Including controlling all or substantially all of the assets of the mutual fund)

  1. The process of creating financial statements

  1. Fund asset valuations on a periodic basis

  2. Producing reports for interested parties on a regular basis

or

  •  for the purpose of managing the mutual fund, setting up a fund headquarters in the Seychelles, or serving as the mutual fund's operator,

  1. jurisdiction over the holdings of a mutual fund or a hedge fund

  1. reserve and risk estimation

  1. periodic report-writing to interested parties

b)  Requirements for a Bare Minimum License

  1. Two perfectly capable and healthy directors are required.

  1. A Seychelles fund administrator's licence requires the applicant to have its primary or secondary establishment in the country.

  1. sufficient human capital, technological infrastructure, and other resources to effectively manage mutual funds.

  1. There is no obligatory starting investment

  1. Officer of Compliance and Alternate Officer of Compliance

  1. Insure yourself with a professional indemnity policy that fits your company's needs.


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