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I.O.M.F.S.A

Financial Services Act Licenceholders

For a list of current and former licenceholders under the Financial Services Act 2008, please click here.

Licenceholders under the Financial Services Act 2008 include:

  • Deposit Takers;
  • Investment Businesses;
  • Collective Investment Scheme Functionaries;
  • Corporate Service Providers;
  • Trust Service Providers;
  • Crowdfunding platforms;
  • Money Transmission Services Providers; and,
  • Professional Officers.

Company legislation requires the submission of specified documents to the Companies Registry periodically. Companies that are licensed by the Authority under the Financial Services Act 2008 should note that the requirements of the Companies Acts are separate from and additional to any requirements for submission of documents to the Authority under the Financial Services Act, the Collective Investment Schemes Act or linked secondary legislation such as the Financial Services Rule Book. As a result, licensed entities may need to provide similar documents or information to both Companies Registry and the Authority.

This section of the website is divided into a number of different areas, accessed from the menu to the left of the page, the content of each area is summarised below.

Compliance Support

On this page you can find copies of ongoing submission templates and accompanying guidance relevant to licenceholders under the Financial Services Act 2008.

At the bottom of this page there are template registers which may be used by licenceholders in order to comply with certain Rule Book requirements.

Legislation and guidance for licenceholders

This page contains legislation and guidance relevant to all licenceholders under the Financial Services Act 2008. From this page you can also view legislation and guidance that is relevant to each class of licenceholder.

It should be noted that the following matters apply to all licenceholders under the Financial Services Act 2008:

Rule Book

This page links to the Financial Services Rule Book (“Rule Book”) which sets out the majority of rules applicable to licenceholders under the Financial Services Act 2008.

Anti-Money Laundering & Countering the Financing of Terrorism

The AML/CFT pages explain money laundering and terrorist financing, as well as providing links to the AML/CFT legislation, relevant guidance and links to relevant websites elsewhere.

Fees

The fees orders contains details of application and annual licence fees.

Licensing Policy

The Authority’s Licensing Policy for Regulated Activities under the Financial Services Act 2008 sets out the criteria that applicants for a licence under the Act must satisfy to be successful in securing and retaining a financial services licence.

Key Person Forms

Key person forms must be completed where an individual is being proposed for a “key role” or where an existing key person changes role within an organisation.

Please click here for guidance in relation to what constitutes a “key role” and for general information on the vetting of key persons.

Supervisory Approach

“The Supervisory Approach” document sets out the Authority's approach to the supervision of licenceholders under the Financial Services Act 2008. Forms This page contains a consolidated list of all the forms and templates that the Authority has uploaded to the website.