Local incorporation required for obtaining a , Stock Exchange license, Clearing Agency License, Securities Facility License, Securities Dealer licence & Investment Advisor license.
"Interpretation
2. (1) In this Act, unless the context otherwise requires –[...]
"company" means a company incorporated or other body corporate wherever incorporated or constituted, and shall include a limited partnership constituted under the Limited Partnerships Act 2003;[...]
"constitutional documents" means, in the case of a company, the certificate of incorporation and the memorandum and articles of association or other instrument of incorporation;[...]
"recognized jurisdiction" means a jurisdiction in which a regulatory authority for a securities market is an ordinary member of the International Organisation of Securities Commissions;
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Application for securities exchange licence
8. (1) Only a company incorporated under the Companies Act whose sole activity is the operation of a securities exchange may apply to the Securities Authority for a securities exchange licence.
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Application for clearing agency licence
24. (1) Only a company incorporated under the Companies Act may apply to the Securities Authority for a licence to operate a clearing agency.
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Application for securities facility licence
42. (1) Only a company incorporated in Seychelles may apply to the Securities Authority for a licence to operate as a securities facility.
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Licensing of securities dealers
45. (1) Subject to the provisions of this Part, no person shall carry on business in Seychelles dealing in securities, or hold himself out as carrying on that business, unless that person is –
(a) licensed to do so by the Securities Authority under this Part; or (b) subject to sub-section (2), a recognized overseas securities dealer who holds current membership to deal on a Seychelles Securities Exchange ("an exempt overseas securities dealer").
(2) If an exempt overseas securities dealer provides services to residents of Seychelles or opens a place of business in Seychelles or otherwise becomes a resident of Seychelles, it shall cease to be an exempt overseas securities dealer and shall not carry on securities business in Seychelles unless it obtains a securities dealer's licence under this Act.
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Grant of securities dealer licence
46. (1) The Securities Authority may grant a securities dealer's licence to a company which applies in the prescribed form and manner and accompanied by―[...]
(4) The Securities Authority shall not grant a securities dealer's licence unless the applicant –
(a) is a company incorporated under the Companies Act or under the laws of a recognized jurisdiction;
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Grant of investment of advisor licence
49. (1) The Securities Authority may grant an investment advisor licence to an individual or a company who applies in the prescribed form and manner and accompanied by –
(a) the prescribed fee;
(b) certified true copies of the constitutional documents of the applicant; and
(c) any other documents or information the Securities Authority may require.[...]" (SECURITIES ACT No 8 of 2007)
SECURITIES ACT No 8 of 2007
[<a href="https://fsaseychelles.sc/component/edocman/consolidated-securities-act-2007-to-9th-april-2020/download?Itemid=0">Act</a>]