Regulatory Alerts2021-01-01
Insurance (Memorandum of Continuance) Regulations 2021
The Isle of Man Financial Services Authority issued the Insurance (Memorandum of Continuance) Regulations 2021, which came into operation on June 30, 2022. These regulations prescribe the forms for memoranda of continuance for offshore insurers under section 2(2)(a) of the Companies (Transfer of Domicile) Act 1998, as modified by the Insurance Act 2008. Schedule 1 details three specific forms for companies limited by shares, by guarantee without share capital, and by guarantee with share capital, outlining required particulars for directors, secretaries, nominated officers, and financial statements.
Share