Designated Businesses (Registration & Oversight) Act 2015 – delegation of powers

On 29 October 2015 the Board agreed to delegate its powers of oversight under section 6 of the Designated Businesses (Registration & Oversight) Act 2015 (“the Act”) to the following professional bodies:

  • Institute of Chartered Accountants in England and Wales
  • Association of Chartered Certified Accountants
  • Isle of Man Law Society
  • Institute of Financial Accountants
  • International Association of Bookkeepers
  • Institute of Certified Bookkeepers

Members of these bodies may elect to be overseen by their professional body under the Act by making an election at registration.

If you have any enquires please contact the AML Unit using the following email address: [email protected]