On Air Night Flight | Midnight - 5:00am
Mike Oldfield - In Dulci Jubilo Download
Listen Live
Listen Again
On Air Night Flight | Midnight - 5:00am
Mike Oldfield - In Dulci Jubilo Download

FSC changing Irish and Luxembourg fund rules

Wednesday, 6 April 2011 10:15

The Financial Supervision Commission says it's working on regulations to make it easier for funds in Luxembourg and Ireland to sell to the Isle of Man.

The FSC says the regulations governing UCITS funds in the respective countries are equivalent to the Manx rules.

Luxembourg and Irish schemes won't need separate approval as Isle of Man Recognised Schemes, and won't have to go through the individual scheme review process.

They will, however, need to notify the commission and meet applicable requirements.

Share

More from Isle of Man Business