The FSA Seychelles has issued the latest Code of Corporate Governance (‘Code’) which lays down the framework for transparent corporate governance systems, supporting long term economic growth.
Effective date: The Code will become effective as from 1st of January 2026.
Main principles as outlined in the Code:
- Independent, effective boards.
- Transparent corporate reporting.
- Robust risk oversight.
- Ethical corporate culture.
- Performance-driven remuneration.
- independent and effective internal and external audit.
Reporting: Licensees are required to submit Annex 1 of the Code by the 31st of December every year.
Licensees are urged to familiarize themselves with the full Code to ensure proper implementation and ongoing compliance.
