Regulatory Alerts2010-01-01
Collective Investment Schemes (Specialist Fund) Regulations 2010
The Isle of Man Financial Supervision Commission issued these Regulations to establish a regulatory framework for specialist collective investment schemes under the Collective Investment Schemes Act 2008. The rules mandate strict governance structures, including specific governing body composition and administrator duties, while restricting participation to certified specialist investors with minimum initial subscriptions of US$100,000. Additionally, the Regulations enforce rigorous reporting, auditing, and disclosure requirements for fund operations and financial statements to ensure compliance and transparency.
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