Regulatory Alerts2017-04-07
Guidance Note on Protected Cell Companies and Funds
The Isle of Man Financial Services Authority issued this guidance to clarify the application of the Protected Cell Company regime to collective investment schemes and to define regulatory expectations for offering documents. The document outlines key structural features, such as asset segregation, and distinguishes between umbrella and multi-fund structures based on the existence of meaningful switching rights. It further mandates specific risk disclosures regarding legal status and jurisdictional uncertainty, while establishing requirements for consolidated annual accounts and common management practices.
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