Fund Management in the Isle of Man

18/04/1994 Marcus Killick OBE

This article discusses the investment and fund management landscape in the Isle of Man. It emphasises the government’s focus on investor confidence, flexibility, and innovation, with regulations designed to meet industry needs. The article highlights the growth in the number and value of collective investment schemes on the island, and the classification of schemes (authorised, restricted, exempt restricted) and the regulatory framework governing each category. Reciprocal arrangements with other jurisdictions are mentioned, along with the benefits of “fast track” recognition in the UK.

The Investment Business Act covers licensing requirements for individuals engaged in investment activities, ensuring honesty, solvency, and competence. The Financial Supervision Commission oversees the regulatory framework to ensure soundness, stability, and enforcement against unlicensed and non-compliant entities. The article concludes by highlighting the competitive advantage the Isle of Man offers as an offshore financial center.

Read the article: Investment International – Fund Management in the Isle of Man

(Article first published in Investment International, April 1994.)

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