Isle of Man opens the door to crowdfunding platforms
The Isle of Man has introduced new legislation to regulate crowdfunding platforms in a bid to attract more of the peer-to peer lending startups to the island.
The Isle of Man has introduced new legislation to regulate crowdfunding platforms in a bid to attract more of the peer-to peer lending startups to the island.
A year after it was announced, the Isle of Man’s three main financial regulatory bodies will merge on 1 November 2015, creating the Isle of Man Financial Services Authority (IoMFSA).
The Isle of Man has announced the launch of its Insurance Special Purpose Vehicle (ISPV) legislation to cover transactions involving catastrophe bonds, industry loss warranties and other collateralised reinsurance structures.
Almost 60% of firms are failing to give clients clear, upfront information on how much their financial advice will cost, according to a report from the FCA.
As the deadline for public comment passed last week on a proposal to implement a public registry of beneficial owners in the Cayman Islands, companies and organisations with a presence there weighed in on the matter with most expressing criticism of the plan.