Regulation & Legislation
A licence to carry on the Class 2 regulated activity of investment business includes advising on and dealing in investments; arranging deals in investments; managing investments belonging to another person; providing administration; and safeguarding of investments. The term 'investment' includes traditional investment instruments as well as derivatives.
Collective Investment Schemes
The Collective Investment Schemes Act 2008, which came into operation on 1 August 2008, contains the statutory framework for the regulation of collective investment schemes, more commonly known as unit trust, mutual funds or open-ended investment companies. Businesses that provide services to Collective Investment Schemes are required to hold a Class 3 licence.
AIM Market
There has been a significant and steady stream of new admissions to the AIM Market, with a growing number of new applicants using an Isle of Man vehicle to access the market. An Isle of Man public limited company listed on AIM is not a regulated entity in the Isle of Man and from 2006, a zero rate of corporate tax applies.