Regulatory

/Regulatory

Gaming Advisory to support Digital Isle of Man

By |2020-06-04T16:57:45+00:00January 21st, 2020|Categories: eGaming, Front Page Publication, Licence Holders ‐ Operators, News, Software Providers, Technology, Testing Companies|

Once again it is ICE 2CU 2CU ICE... As you may already know, we will be at ICE London 2020 from 4th February to 6th February – Miles Benham (Managing Director) and Carly Stratton (Head of Business & Gaming) along with members of the Gaming Advisory Team will be accompanying a delegation from the Isle of Man Government’s Department for [...]

Gaming Advisory going to ICE London 2020

By |2020-06-04T16:54:43+00:00January 14th, 2020|Categories: eGaming, Front Page Publication, Licence Holders ‐ Operators, News, Software Providers, Technology, Testing Companies|

MannBenham will be at ICE London 2020. This is a leading event and driver of international growth across the B2B Gaming industry, and we look forward to seeing to everyone there. We will be accompanying a delegation from the Isle of Man Government’s Department for Enterprise at this year’s ICE London event. It will be held [...]

MannBenham Online Gaming Conference | Update

By |2020-06-04T16:57:10+00:00September 14th, 2019|Categories: eGaming, Front Page Publication, Licence Holders ‐ Operators, News, Player Protection, Problem Gambling, Software Providers, Technology, Testing Companies|

MannBenham Online Gaming Conference This event is aim at being a leading event and driver of growth across the Isle of Man Gaming industry, and we look forward to seeing to everyone there. SOLD OUT With just over two weeks to go before our Online Gaming Conference all spaces have sold out in record time. This [...]

A Q&A guide to gaming in the Isle of Man

By |2020-01-16T16:51:24+00:00February 14th, 2017|Categories: eGaming, Legislation, Licence Holders ‐ Operators, Player Protection, Problem Gambling, Software Providers, Testing Companies|

Contents Legislative framework of gambling regulation Overview Definitions of gambling Regulatory authorities Gambling products Land-based gambling Regulation/licensing Online gambling Regulation/licensing B2B and B2C Technical measures Mobile gambling and interactive gambling Social gaming Gambling debts Tax Advertising Developments and reform Legal development Reform The regulatory authorities The Gambling Supervision Commission Online resources Isle of Man Government website [...]

Isle of Man’s Banking Renaissance

By |2020-01-16T16:50:06+00:00October 24th, 2016|Categories: Banking and Investments, Beneficial Ownership, Collective Investment Schemes and Funds, Commercial, Corporate and Finance, Corporate and Trust Service Providers, Credit Unions, Crowd‐Funding, Designated Business, Financial Services and Private Equity, Front Page Publication, Funds, Insurance and Pensions (Retirement Benefit Schemes), International|

In a far sighted and at the same time very contemporary reading of the development of the financial services industry, the Isle of Man Government has created an alternative banking regime which came into effect on 1 August 2016.1 The new regime will enable corporations and high net worth individuals to become masters of their own [...]

Transferring staff to Isle of Man branches of International businesses

By |2020-01-22T23:27:58+00:00October 24th, 2016|Categories: Banking and Finance, Biomed, Commercial Contracts, Commercial Opinions, Compliance and Investigation, Converting Your Business to a Company, Due Diligence Investigations, eGaming, Employment Issues (Business), Employment Issues (Personal), Employment Law for Business, Front Page Publication, Immigration for Business, Leases (Business), Legislation, Licence Holders ‐ Operators, Manufacturing, Partnership Issues, Pensions and Insurance, Personal Contracts, Planning, Player Protection, Problem Gambling, Redundancy, Regulatory Issues, Software Providers, Technology, Terms and Conditions, Testing Companies, Timeshare, Your Rights in the Work Place|

The Isle of Man has for a long time been part of the global market in many industries including the financial sector, corporate services and online gambling. As a result, numerous multinational companies have branches or head offices on the Island and often seek to bring in skilled workers from other jurisdictions as short or long [...]

Isle of Man Corporate Insolvency

By |2020-01-22T20:56:42+00:00October 24th, 2016|Categories: Banking and Investments, Beneficial Ownership, Cell Companies, Collective Investment Schemes and Funds, Commercial, Corporate and Finance, Company Law, Corporate and Trust Service Providers, Corporate Governance, Directors’ Duties and the Law and Conduct of Meetings, Corporate Restructuring, Credit Unions, Crowd‐Funding, Designated Business, Dispute Resolution, Financial Services and Private Equity, Front Page Publication, Insurance and Pensions (Retirement Benefit Schemes), Isle of Man Foundations, Joint Ventures and Shareholder Agreements, Mergers and Acquisitions, Purpose Trusts, Sale and Purchase of Businesses, Trust Law, Trust Structures, Trusts, Foundations and Companies|

Insolvency Law, Policy and Procedure i Statutory Framework and Substantive Law Insolvency law on the Isle of Man is governed primarily by the following legislation: The Fraudulent Assignments Act 1736 Preferential Payments Act 1908 Preferential Payments and Other Acts (Financial Adjustments) Act 1973 Companies Act 1931-2004 Companies Act 2006 The primary legislation governing insolvent companies can [...]

Execution of contracts by Isle of Man Companies

By |2020-01-16T16:50:06+00:00October 24th, 2016|Categories: Banking and Investments, Beneficial Ownership, Collective Investment Schemes and Funds, Commercial, Corporate and Finance, Corporate and Trust Service Providers, Credit Unions, Crowd‐Funding, Designated Business, Financial Services and Private Equity, Insurance and Pensions (Retirement Benefit Schemes), Regulatory and Compliance|

When a company is considering entering into a particular business venture considerable time is taken in discussing, negotiating and reviewing the contractual terms in the proposed agreement between the parties. Whilst focusing on key contractual terms of the proposed agreement, often the signing provisions to the agreement to bind the company are overlooked. Failure by a [...]

International Comparative Legal Guide to Gambling – MannBenham Chapter

By |2020-01-16T16:51:24+00:00October 24th, 2016|Categories: eGaming, International, Legislation, Licence Holders ‐ Operators, Player Protection, Problem Gambling, Software Providers, Technology, Technology, BioMed and Data, Testing Companies|

1 Relevant Authorities and Legislation 1.1 Which entities regulate what type of gambling activity in your jurisdiction? The Isle of Man regulator of all gambling activity is the Gambling Supervision Commission (“GSC”), which is an independent statutory board established in 1962. The GSC comprises the Inspectorate and the Commission. The Inspectorate is managed by its Chief [...]

Changes to the Financial Services (Exemptions) Regulation

By |2020-01-16T16:50:06+00:00October 24th, 2016|Categories: Banking and Investments, Beneficial Ownership, Collective Investment Schemes and Funds, Commercial, Corporate and Finance, Corporate and Trust Service Providers, Credit Unions, Crowd‐Funding, Designated Business, Financial Services and Private Equity, Insurance and Pensions (Retirement Benefit Schemes), Pensions and Insurance|

The Isle of Man financial Services Authority and the Isle of Man Office of Fair Trading have recently issued a consultation on crowdfunding which included consultation on other legislative changes. These other legislative changes centre around proposed changes to the Regulated Activates Order, Financial Services (Exemptions) Regulations and Financial Services (Fees) Order. One of these changes [...]