Seychelles Securities Dealer License

The Securities Act 2007 and rules and guidelines allow for Securities Dealer companies to be set up and licensed in Seychelles. Securities Dealer means means a person who carries on the business of dealing in securities, or who holds himself out as conducting such business as mentioned below:

• makes or offers to make an agreement with another person to enter into or offer to enter into an agreement, for or with a view to acquiring, disposing of, subscribing for or underwriting securities or in any way effects or causes a securities transaction

• causes to effect a securities transaction causes any sale or disposition of or other dealing or any solicitation in respect of securities for valuable consideration, whether the terms of payment be on margin, instalment or otherwise or any attempt to do any of the foregoing

• participates as a Securities Dealer in any transaction in a security occurring upon a securities exchange

• receives as a Securities Dealer an order to buy or sell a security which is executed

• manages a portfolio of securities for another person on terms under which the first mentioned person may hold property of the other person

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Definition of Dealer under Securities Dealer License

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1. Any of the following securities:

   • shares and stock of any kind in the share capital of a company in Seychelles or elsewhere 

   • shares or other units of participation in a mutual fund as defined in the Mutual Fund and Hedge Fund Act

2. Debentures, debenture stock, loan stock, bonds, certificates of deposit and any other instruments creating or acknowledging indebtedness other than 

   • any instrument acknowledging or creating indebtedness for, or for money borrowed to defray, the consideration payable under a contract for the supply of goods or services

   • a check or other bill of exchange, a bankers draft or a letter of credit

   • a bank note, a statement showing a balance in a current, deposit or savings account, a lease or other disposition of property

   • a contract of insurance

   • any instrument creating or acknowledging indebtedness in respect of money raised by the Government of Seychelles or any public authority created thereby; and

   • an instrument creating or acknowledging indebtedness & creating security for that indebtedness over land.

3. Warrants and other instruments entitling the holder to subscribe for securities falling within paragraph 1 or 2

4. Certificates or other instruments which confer contractual or proprietary rights

   • in respect of any security falling within paragraph 1, 2 or 3 being a security held by a person other than

     the person on whom the rights are conferred by the certificate or instrument; and 

   • the transfer of which may be effected without the consent of that person​

5. Options to acquire or dispose of:

   • a security falling in any other paragraph of this Schedule

   • any currency 

   • any precious metal; or 

   • an option to acquire or dispose of a security falling within this paragraph by virtue of the above ​

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