Regulatory Alerts2018-05-02
Governance of Collective Investment Schemes – Guidance Note
The Isle of Man Financial Services Authority issued this guidance to illustrate good practice for the governance of collective investment schemes under the CIS Act. It requires governing bodies to ensure effective composition, balanced decision-making, and robust risk management while operating exclusively in the interests of fund participants. The Authority utilizes this document to assess fitness and propriety, enforce statutory obligations, and determine regulatory actions regarding fund conduct and compliance.
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