Consultation on Draft Legislation: Collective Investment Schemes – CEICs and Other Matters

The Isle of Man Financial Services Authority has today issued a Consultation Paper (CP17-04/T05) to obtain information, views and evidence in relation to —

  1. the widening of the definition of collective investment schemes to include a limited number of Closed-Ended Investment Companies (‘CEICs’);
  2. possible exemption for managers, asset managers, or investment advisers to Specialist Funds; and
  3. the draft Collective Investment Schemes (Recognised Schemes) (Ireland) Order.

The consultation is relevant to persons providing services to collective investment schemes, as well as to corporate service providers that provide services to closed-ended investment companies.

The closing date for comments is 26th May 2017.