Regulatory Alerts2001-01-01
Retirement Benefits Schemes (International Schemes) Regulations 2001
The Isle of Man Treasury issued these regulations to establish the regulatory framework for international retirement benefits schemes under the Retirement Benefits Schemes Act 2000. The rules mandate authorization procedures, including annual reporting to the Financial Services Authority, and impose strict requirements on professional advisers, actuarial valuations, and investment management. Additionally, the regulations define permissible contribution schedules, accounting standards, and disclosure obligations while prohibiting unauthorized payments to employers and protecting members' accrued rights.
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