Seychelles FSA – Circular (No.6) for periodic review of Beneficial Owners

 [Licensing](https://deneopartners.com/category/licensing/) # Seychelles FSA – Circular (No.6) for periodic review of Beneficial Owners By [Christina Panayi](https://deneopartners.com/author/c-panayi/)[No Comments](https://deneopartners.com/seychelles-fsa-circular-no-6-for-periodic-review-of-beneficial-owners/#respond) As of October 1st 2024, the Seychelles FSA will enforce the _Regulation 13 of the Beneficial Ownership (Amendment) Regulations 2023_ which requires all legal persons and arrangements to comply with the new requirements set forth in the Regulations. These regulations mandate a periodic review and verification of beneficial owners at least once every calendar year. Key Requirements of the Regulation: - **Annual Review:** Legal entities and arrangements are required to conduct a review and verification of their beneficial ownership information at least once annually. This review must take place within three months preceding the anniversary of the entity’s registration date. - **Declaration of Compliance:** Following the completion of the aforementioned review, legal entities must submit a declaration of compliance to their resident agent in Seychelles no later than one month after their registration anniversary date. - **Exemption for the year 2024:** Entities with registration anniversary dates between October 1 and December 31, 2024, are exempt from the 2024 review but must comply from 2025 onward. The FSA shall be undertaking on-site inspections to ensure compliance with this provision in the first quarter of 2025. It is important to note that failure to meet these requirements could lead to enforcement actions and penalties by the FSA. [Read more](https://fsaseychelles.sc/component/edocman/circular-no-6-of-2024-periodic-review-of-beneficial-owners/download?Itemid=0) ## Request more information [Contact Us Now](https://deneopartners.com/contact/) **Cyprus:** 160 Archiepiskopou Makariou III Avenue, First Floor, 3026, Limassol, Cyprus Tel: +357 25249700 **Seychelles:** CT House, Office No. 9A, Providence, Mahé, Seychelles Tel: +248 4373840 **Mauritius:** Level 1, IconEbene 1, Reduit Road, Cybercity, Ebene. 72201, Mauritius Tel: +230 4686698 **Dubai:** 91 Sheikh Zayed Rd, Al Saqr Business Tower, Office 9, 29th Floor, Dubai, UAE Tel: +971 508231788 **OUR SERVICES** [Global Licensing](https://deneopartners.com/global-licensing/) [Compliance Services](https://deneopartners.com/compliance/) [Accounting, Audit, Tax](https://deneopartners.com/accounting-audit-tax/) [Legal & Corporate](https://deneopartners.com/legal-corporate/) [Advisory](https://deneopartners.com/advisory/) [Banking](https://deneopartners.com/banking/) ©2026 Deneo Partners \| [Privacy Policy](https://deneopartners.com/privacy-policy/) \| Powered by [Viral](https://viral.cy/) [Share](https://deneopartners.com/seychelles-fsa-circular-no-6-for-periodic-review-of-beneficial-owners/#) [Share](https://deneopartners.com/seychelles-fsa-circular-no-6-for-periodic-review-of-beneficial-owners/# "Share this") [Share](https://deneopartners.com/seychelles-fsa-circular-no-6-for-periodic-review-of-beneficial-owners/# "Share this") [Share](https://deneopartners.com/seychelles-fsa-circular-no-6-for-periodic-review-of-beneficial-owners/# "Share this") [Pin](https://deneopartners.com/seychelles-fsa-circular-no-6-for-periodic-review-of-beneficial-owners/# "Pin this") [Close Menu](https://deneopartners.com/seychelles-fsa-circular-no-6-for-periodic-review-of-beneficial-owners/#) We use cookies to ensure that we give you the best experience. [Read more.](https://deneopartners.com/privacy-policy/) ACCEPT Manage consent Close #### Privacy Overview This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the ... Necessary Necessary Always Enabled Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information. Non-necessary Non-necessary Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website. SAVE & ACCEPT