Investment Business Handbook
Class 2 – Investment Businesses Handbook - Link to Register of licenceholders
Contents
1. Introduction
The Investment Business handbook is produced to provide licenceholders under the Financial Services Act 2008 (those who are licensed by the Isle of Man Financial Services Authority (“the Authority”) to conduct investment business in or from the Isle of Man), potential licenceholders and other interested parties with easy access to the legislation and guidance relating to investment business activities in or from the Isle of Man.
The handbook is only produced in an on-line format. However, copies of all statutory documents (original, un-amended, legislation) may be obtained from the Tynwald Library, by quoting the SD number shown at the top of each document.
In case of any query, please contact the Investment Services team at the Authority, on +44 (0)1624 689332.
2. Legislation
2.1 The Primary legislation governing investment business activities in or from the Isle of Man is the Financial Services Act 2008.
The Secondary legislation is made under powers contained in the Financial Services Act 2008. It can be found on a central table here. Where these regulations and regulatory codes have been amended after they were made, the “as amended” version is shown.
3. Guidance applicable to investment business activities
3.1 Guidance and forms which relate to investment business activities:
- Financial Advice - Sales and Advisory Guidance
- An Explanatory Guide About Financial Advice
- Application form for a Financial Services Licence
- Licenceholder contact sheet
- Forms and Returns Page
- Proforma subordinated loan agreement (N.B. This proforma agreement has been prepared specifically for use by applicants for and holders of a financial services licence under the Financial Services Act 2008. If you are not an applicant or licenceholder, you should not copy, circulate or in any other way use or rely on the wording contained in the agreement. Applicants and licenceholders may copy the proforma but must not rely on the wording of the proforma and should take their own legal advice as to the appropriateness of the wording and the document in their own circumstances.)
- Statement of Professional Standing (“SPS”)
3.2 Guidance for investment business licenceholders dealing in OTC Derivatives and Structured Products
3.3 Disaster recovery/business continuity
The use of facilities on the Island by regulated businesses from other jurisdictions for temporary business continuity purposes is addressed by Schedule 2 of the Financial Services (Exemption) Regulations.
4. Guidance applicable to all licensable sectors/activities
Guidance on matters generic to all the Authority's licensable activities/ categories of business can be found here.