Regulatory Alerts2008-01-01
Licensing Policy for Regulated Activities under the Financial Services Act 2008
The Isle of Man Financial Services Authority issued this policy to establish licensing requirements for persons carrying on regulated activities under the Financial Services Act 2008. The document mandates that applicants satisfy the Authority they are fit and proper by demonstrating integrity, competence, and financial standing, while adhering to strict structural and organizational standards. It further outlines the application process, including the six-month processing standard, specific requirements for electronic business models, and conditions for license extensions or revocation.
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