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

The main purpose of the Financial Services Act is to consolidate and update existing legislation covering banking, fiduciaries and investment business. The Act also clarifies the Financial Supervision Commission’s remit and contains important new provisions to enhance its transparency and accountability.

As part of the …

Bookmark to: