Regulatory Alerts2017-04-07
Key Features of an Authorised Collective Investment Scheme
The Isle of Man Financial Services Authority issued this January 2017 guidance note to outline the high-level requirements for Authorised Collective Investment Schemes domiciled in the Isle of Man. The document details mandatory functional roles, including the necessity for an IOM-licensed manager and a qualified fiduciary custodian, while specifying strict investment restrictions and reporting obligations. It further mandates that managers ensure ongoing compliance with constitutional documents and submit specific documentation and statistical information to the regulator.
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