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Consultation on the Collective Investment Schemes Bill 2007 28 September 2007

The Financial Supervision Commission (“the Commission”), as part of the current consolidation of regulatory legislation, has reviewed the overarching legislative structure for collective investment schemes contained in the Financial Supervision Act 1988 (“the 1988 Act”).

The Commission has today published a consultation on the proposed Collective Investment Schemes Bill which is intended to modernise the schemes legislation and provide the Commission with an appropriate regulatory framework for the current and future Funds industry.

The Commission welcomes responses on any aspect of this consultation and would be grateful if comments could be submitted by no later than 2nd November 2007.

The consultative paper can be found on the Commission’s website at:-

http://www.gov.im/lib/docs/fsc/Consultative/consdoccisbill28sepfinaltext.pdf

Enquiries:

Mrs Claire Whitelegg

Senior Adviser - Policy & Legal Division

Financial Supervision Commission

P O Box 58 - Finch Hill House

Bucks Road

Douglas

Isle of Man IM99 1DT

Direct Line: 01624 689332

Email: claire.whitelegg@fsc.gov.im

28th September 2007

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