Regulatory Alerts2011-01-01
Financial Services (Exemptions) Regulations 2011
The Financial Supervision Commission issued these Regulations under the Financial Services Act 2008 to exempt specific persons and activities from the general prohibition on carrying on regulated activities without a licence. The document details exemptions in Schedule 1 for deposit taking, investment business, collective investment schemes, and corporate services, while Schedule 2 covers exemptions for the use of equipment on the Island. These Regulations revoke the previous Financial Services (Exemptions) Regulations 2009 and their 2010 amendments, coming into operation on 1 January 2012.
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