Regulatory Alerts2006-01-01
Guidance on Companies Incorporated under the Companies Act 2006 for Collective Investment Schemes
The Isle of Man Financial Services Authority issues this guidance to set expectations for using Companies Act 2006 entities as collective investment scheme fund companies. It mandates specific corporate governance measures, such as maintaining a minimum two-director board, holding annual general meetings, and keeping statutory registers and minutes within the Isle of Man. The document further requires clear public status declarations in offering documents and immediate notification of material changes like share capital adjustments or re-registrations to ensure investor protection.
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