Friday, October 20, 2017
You are here: Isle of Man > Isle of Man News
Isle of Man News
General News
The Financial Services Act 2008 and the Collective Investment Schemes Act 2008 23 June 2008

The Financial Supervision Commission is pleased to announce that Royal Assent has been granted for two important new pieces of primary legislation.

The Financial Services Act 2008 and the Collective Investment Schemes Act 2008 were signed in Tynwald on 17th June 2008 and will come into operation on 1st August 2008.

Copies of final draft subordinate legislation, including the Regulated Activities Order, Financial Services (Exemption) Regulations and Financial Services Rule Book, may be found in the consultations section of the Commission’s website. Subject to Tynwald approval in July 2008, this subordinate legislation will also come into operation on 1st August 2008. Existing licenceholders are reminded that Part 9 of the Rule Book (Money laundering and financing of terrorism) should be complied with from 1st August 2008 and the remaining parts from 1st January 2009.

Enquiries to:

Policy & Legal Division

Financial Supervision Commission

(01624) 689332 or (01624) 689323

More stories >>>  


Other Guides by Maxima Systems Ltd: Disney World