Seychelles FSA Announces Updated Capital Requirements for Forex Brokers

The Financial Services Authority (FSA) of Seychelles has announced significant updates to the capital requirements framework for Securities Dealer license holders, particularly those offering leveraged forex and CFD products to retail clients.

Summary of Changes

The new framework introduces tiered capital requirements based on the scope of services offered:

• <strong>SD License (Dealing)</strong>: Minimum paid-up capital increased from USD 50,000 to USD 100,000
• <strong>SD License (Non-Dealing)</strong>: Remains at USD 50,000
• <strong>Net Liquid Capital</strong>: New requirement to maintain ongoing net liquid capital equal to the higher of USD 50,000 or 10% of average annual expenses

Implementation Timeline

The new requirements take effect from June 1, 2026. Existing licensees have until December 31, 2026, to meet the revised capital thresholds.

Market Implications

While these changes increase the entry barrier for new applicants, Seychelles remains a competitive offshore jurisdiction compared to fully regulated markets like the EU or Australia.

Our Services

Zitadelle AG assists clients with Seychelles SD license applications, including corporate structuring, capital planning, and regulatory liaison.