Regulatory Alerts2010-01-01
Collective Investment Schemes (Qualifying Fund) Regulations 2010
The Isle of Man Financial Services Authority issued these regulations to establish the regulatory framework for collective investment schemes designated as qualifying funds. The rules mandate specific governance structures, including independent governing body members and appointed managers, custodians, and auditors, while strictly limiting investor access to certified qualifying investors. Compliance requirements encompass rigorous distribution controls, accurate offering documents, and the timely preparation and distribution of audited annual financial statements.
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