Regulatory Alerts2018-02-23
Promotion of Authorised Schemes
The Isle of Man Financial Services Authority requires all local collective investment schemes to obtain regulatory authorisation before public promotion and outlines the specific cross-border recognition pathways for international marketing. Schemes targeting the UK market must secure individual recognition under the Financial Services and Markets Act 2000, whereas distribution in the EEA, Jersey, Guernsey, and Ireland operates through established memoranda of understanding or reciprocal regulatory arrangements. Fast-track approval mechanisms are also available for Hong Kong, Australia, and Japan, with the Authority noting that adherence to this non-binding guidance serves as strong evidence of legislative compliance.
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