Investment Business
Those persons carrying on investment business either in or from the Isle of Man are required to hold a Class 2 licence under the Financial Services Act 2008.
The types of organisation licensed range from discretionary portfolio managers (including the managers of captive insurance funds) to brokers selling life and pension products. Businesses that provide services to Collective Investment Schemes are required to hold a Class 3 licence. Banks that conduct investment business are required to hold a Class 2 licence. Such investment businesses provide their services not only to residents of the Isle of Man but also to the expatriate community. Licenceholders are required to follow all anti-money laundering regulation.
Details of the regulatory framework for investment businesses, including the Commission's licensing criteria and ongoing regulatory requirements, may be obtained by contacting the Financial Supervision Commission offices or visiting www.fsc.gov.im.