Regulatory Alerts2024-01-22
Financial Services Act 2008 – Guidance on the Financial Services Rule Book 2016
The Isle of Man Financial Services Authority issued this guidance to clarify compliance requirements for licensees under the Financial Services Rule Book 2016. The document details specific obligations regarding financial resources, accounting standards, and the segregation and reconciliation of client, trust, and company money. It provides operational instructions for reporting, capital adequacy assessments, and record-keeping to ensure licensees maintain adequate financial standing and protect client assets.
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