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Isle of Man Government
Reiltys Ellan Vannin
Isle of Man Government Crest

I.O.M.F.S.A

Class 3 – Services to Collective Investment Schemes

Services to Collective Investment Schemes Handbook - Link to Register of licenceholders

Contents

1. Introduction

The Services to Collective Investment Schemes handbook is produced to provide licenceholders under the Financial Services Act 2008 (those who are licensed by the Isle of Man Financial Services Authority (“the Authority”) to provide services to Collective Investment Schemes ("funds") in or from the Isle of Man), potential licenceholders and other interested parties with easy access to the relevant legislation and guidance.

The handbook is only produced in an on-line format. However, copies of all statutory documents (original, un-amended, legislation) may be obtained from http://legislation.gov.im/cms/en. Please find links below to the Financial Services Act 2008, secondary legislation and relevant pieces of guidance.

Guidance (and where applicable other legislation) relating to other Classes of Regulated Activities can be found in handbooks relating to other licensable activities: Deposit taking, Collective Investment Schemes, Corporate Service Providers, Trust Service Providers, Money transmission, and Management and Administration services.

Legislation and guidance applicable to funds is contained in the Funds section of the Authority’s website.

In case of any query, please contact the Funds & Investment Services team at the Authority, on +44 (0)1624 689332.

2. Legislation

2.1 The Primary legislation governing providing services to funds, in or from the Isle of Man, are the Financial Services Act 2008 and the Collective Investment Schemes Act 2008.

The following secondary legislation is made under powers contained in the Financial Services Act 2008. Where these regulations and regulatory codes have been amended after they were made, the “as amended” version is shown:

2.2 Legislation issued under the Collective Investment Schemes Act 2008 is contained in the Funds section of the Authority's website. This legislation sets out requirements for different types of schemes and establishes particular responsibilities for those providing services to the schemes.

3. Guidance applicable to services to collective investment schemes

3.1 Guidance and forms which relate to services to collective investment schemes

3.2 Disaster recovery/business continuity

The use of facilities on the Island by regulated businesses from other jurisdictions for temporary business continuity purposes is addressed by Schedule 2 of the Financial Services (Exemptions) Regulations.

4. Guidance applicable to all licensable sectors/activities

Guidance on matters generic to all FSA-licensable activities/ categories of business:

5 Sundry web links and other matters