We have a great understanding of, and work closely with, collective investment schemes and funds
The Isle of Man is a long-established, well-regulated, pragmatic and commercially focused international financial centre of excellence for the fund industry.
Clients benefit from our comprehensive experience having acted for financial institutions and equity houses across all corporate and commercial disciplines. Many of our Advocates having worked in the industry and the financial services sector as in-house counsel. Our team also brings a commercial practicality to the advice we give.
Class 3 | Services to Collective Investment Schemes
These comprise acting as (or providing administration services to) a manager, administrator, trustee, fiduciary trustee, custodian, asset manager, investment manager, or promoter of a collective investment scheme. There are no exclusions.
The Isle of Man is a long-established, well-regulated yet pragmatic and commercially orientated international financial centre. The operation of collective investment schemes and the management of investment funds (if undertaken by way of business) is regulated by the Isle of Man Financial Services Authority under the Regulated Activities Order 2011 (amended to 2019).
‘Collective investment scheme‘ is defined in the Collective Investment Schemes Act 2008 as ‘arrangements with respect to property of any description, including money, the purpose or effect of which is to enable persons taking part in the arrangements (whether by becoming or being owners of the property or any part of it or otherwise) to participate in or receive profits or income arising from the acquisition, holding, management or disposal of the property or sums paid out of those profits or income’. The participants do not have day to day management control, and their contributions are pooled.
Collective Investment Schemes and Funds | What we do
As experts in assisting clients in the corporate and commercial sector, both locally and in the international market, we provide sector specific pragmatic advice. Our experience extends beyond transactional work and we also look after our clients through implementation and then in every stage of the business’s lifecycle.
We have experience in advising on many aspects of funds including:
- Fund advice
- Regulatory advice
- Drafting fund documentation
- Reviewing and amending fund documentation
- Refinancing and securitisation of funds
- Carrying out due diligence on a fund for a proposed investor or lender