Regulatory Alerts2018-10-29
Isle of Man Financial Services Authority Rule Book Requirements for Record Keeping
The Isle of Man Financial Services Authority issued this guidance to assist licenceholders in identifying specific Rule Book requirements for maintaining records. The document outlines obligations across various licence classes, covering accounting records, client transactions, conflicts of interest, and the segregation of funds. It emphasizes that while the Rule Book is technologically neutral, firms must ensure records are readily accessible and compliant with broader legal frameworks such as AML/CFT and data protection regulations.
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