Review of Collective Investment Schemes Legislation
The Commission is also seeking views on options for the future of Professional Investor Funds.
The review aims to update the legislation and bring it wholly in line with the Collective Investment Schemes Act 2008, to modernise the legislation and to build upon the Commission and industry’s experiences in implementing the new schemes framework in 2007.
As part of the review the Commission proposes updating ancillary legislation which affects collective investment schemes.
The purpose of this consultation is to obtain views and gather evidence from all interested parties so that an informed decision on the content of the proposed legislation can be made. A response to the consultation will be considered against all comments received and the regulatory objectives before any decisions are made.
The Consultation Document and drafts of the proposed legislation are posted on the Commission’s website at:
http://www.fsc.gov.im/doclibrary/condocs.xml;
The closing date for comments is 18 December 2009.
Enquiries or comments on the consultation should be sent to:
Claire Whitelegg, Senior Adviser - Policy & Legal Division
Financial Supervision Commission
PO Box 58
Finch Hill House
Bucks Road, Douglas
IM99 1DT
Tel: (01624) 689332
E-mail: claire.whitelegg@fsc.gov.
Related Links
http://www.fsc.gov.im/doclibrary/condocs.xml;
22nd October, 2009