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Investments

Investment businesses in the Isle of Man are required to hold a Class 2 licence.

Anybody conducting investment business, either in or from the Isle of Man, is required to hold a Class 2 licence under the Financial Services Act 2008. Licenceholders are required to follow all anti-money laundering regulation.

Types of Organisations Licensed

These 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. 

For details of the regulatory framework for investment businesses, contact the Financial Supervision Commission offices or visit www.fsc.gov.im.