Regulatory Alerts2017-01-05
Financial Services Rule Book 2016 Policy Maintenance Obligations
The Isle of Man Financial Services Authority mandates that licensees under the Financial Services Act 2008 establish, implement, and maintain specific operational policies. These requirements cover areas such as risk management, conflicts of interest, and valuation methods, with responsibilities assigned to either the licensee or responsible officers depending on the license class. Licensees must conduct annual reviews and submit notifications to the Authority within four months of their financial year-end to confirm policy compliance and appropriateness.
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