Regulatory Alerts2017-04-07
Guidance Note - Trading Platforms and Investor Declarations for Specialist, Qualifying and Experienced Investor Funds
The Isle of Man Financial Services Authority issued this guidance to establish a modified regulatory process for investor declarations when UK Regulated Financial Advisers arrange investments through UK Regulated Trading Platforms. The document outlines a standard modification allowing funds to accept aggregated deals by requiring trading platforms and advisers to provide specific terms of business and procedural confirmations instead of individual investor sign-offs. It mandates that funds verify these confirmations for each application and refresh records annually to ensure compliance with suitability and risk acceptance requirements.
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