The Isle of Man Fund Management Association and the Securities
& Investment Institute say they have entered into an Affiliate Association agreement.

One of the immediate and tangible benefits that this Affiliation will
offer FMA Members is access to the SII's Continuous Professional
Development (CPD) Scheme and the use of its on-line logging and
reporting system.

Earlier this year in June, Claire Whitelegg, Senior Adviser at the Financial Supervision Commissions Policy and Legal Unit spoke, at a meeting of SII Members, of the FSC's decision to strongly recommend a minimum of 25 hours CPD for all individuals working within regulated financial services industry on the Island and approved the SII CPD online system as one acceptable means of logging CPD activity.

David McGarry, Chairman of the FMA , said: "We are delighted to be
working more closely with the Securities and Investment Institute
locally on the Island and we believe that there are real benefits and
synergies in our two organisations sharing common resources together
more effectively in future."


The IOMFMA represents the interests of almost 60 member firms engaged in the fund management and fund administration industry in the Isle of Man, whilst the Securities & Investment Institute is the largest and most widely
respected professional body representing individuals who work in the
securities and investment industry having more than 300 Members on the
Isle of Man.