Regulatory Alerts2017-04-07
List of Acceptable Jurisdictions for Specialist Fund Administrators
The Isle of Man Financial Services Authority issued this January 2017 guidance to identify jurisdictions applying appropriate regulatory standards to administrators of Specialist Funds under the Collective Investment Schemes (Specialist Fund) Order 2010. The document lists Gibraltar, Guernsey, Jersey, Ireland, Malta, and the UK as acceptable jurisdictions for these purposes. Although the guidance is not legally binding, it serves as persuasive evidence of compliance with legislative provisions for licensees.
Jan 2017 Guidance Note – List of Acceptable Jurisdictions January 2017 List of acceptable jurisdictions for the purposes of the Collective Investment Schemes (Specialist Fund) Order 2010 The following jurisdictions have been accepted by the Isle of Man Financial Services Authority as applying appropriate standards of regulation to administrators of Specialist Funds: Gibraltar Guernsey Jersey Ireland Malta UK Status of Guidance: The Isle of Man Financial Services Authority issues guidance for various purposes, including to illustrate best practice, to assist licenceholders to comply with legislation and to provide examples or illustrations. Guidance is, by its nature, not law, however it is persuasive. Where a person follows guidance this would tend to indicate compliance with the legislative provisions, and vice versa.