FSA Seychelles and CISI to collaborate to raise financial services professional standards

From: RegTech Analyst

The Financial Services Authority (FSA) of the Seychelles and the Chartered Institute for Securities & Investment (CISI) will work together to promote professionalism and professional standards in the capital market sector of The Republic of Seychelles.

The two organisations have entered into a memorandum of understanding to that effect.

As part of this push, the CISI’s International Introduction to Securities & Investment qualification will become a core requirement for securities market practitioners as the FSA set an international benchmark for their licensed professionals.

“We are delighted to be working with the FSA and the CISI now has recognition in 63 jurisdictions globally – this make our qualifications truly portable for professionals and a recognised benchmark,” said Kevin Moore, global business development director at CISI. “This partnership will support the growth of financial services in the Seychelles and enable market participants to become qualified and to succeed in the fast paced, ever evolving world of global financial services.”

Steve Fanny, CEO of the FSA, added, “The FSA, as a regulatory authority remains committed in its quest to maintain a high level of service standard and compliance within the field of financial services in the industry, hence why much effort has been contributed towards setting the foundation needed and support to ensure that the professionals within the industry have ready access to an array of development trainings and professional qualifications.

“The efficacy in the services of our industry hinges greatly on knowledge and experiences of our local professionals which will in turn translate in consistent adherence to requirements of International Standards and Regulations.”

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