October 2009
23.10.09
Limited Partnerships - Optional Separate Legal Personality – FSC Press Release
The Financial Supervision Commission (“FSC”) is seeking views on whether to create a provision that would permit a limited partnership, formed under the Partnership Act 1909, to exercise an election to adopt legal personality that is separate and distinct from that of its partners.
22.10.09
Review of Collective Investment Schemes Legislation
The Financial Supervision Commission (“the Commission”) is pleased to announce that it is consulting on proposed amendments to the regulatory framework for –
Full International Schemes;
Specialist Funds;
Qualifying Funds; and
Experienced Investor Funds.
August 2009
24.08.09
An AAA rated fund in an AAA rated jurisdiction...
A glowing endorsement for Thomas Miller's Flagship fund and the Isle of Man as a global financial centre.
July 2009
13.07.09
Proposed amendments to the Financial Services Rule Book 2008
The Financial Supervision Commission has today issued a consultation on proposed amendments to the Financial Services Rule Book 2008, Regulated Activities Order 2008 and Financial Services (Exemptions) Regulations 2008.
June 2009
29.06.09
Update on FBAR Filing Requirements and Extension of FBAR Filing Deadline Granted
IRS representatives have informally indicated that investments in certain types of offshore hedge funds may constitute foreign financial accounts for which a U.S. investor must file a U.S. Treasury Department Form TD F90-22.1, or Report of Foreign Bank and Financial Account (an “FBAR”). The IRS has not yet provided any formal written guidance regarding this issue.
24.06.09
Isle of Man Treasury Minister announces major tax policy move at OECD Forum in Paris
The announcement of a move to automatic exchange of information under the EU Savings Directive keeps the Isle of Man at the forefront of tax co-operation
The Isle of Man Treasury Minister, Allan Bell, MHK, will speak today (24 June 2009) at the prestigious international 10th Organisation for Economic Co-operation and Development (OECD) Forum in Paris, “The Crisis and Beyond”. Mr Bell has also attended a private dinner on the evening of Monday 22 June 2009 hosted by the OECD Secretary-General, Angel Gurría.
24.06.09
Ministers Bell's Introductory remarks at OECD Forum 2009
Promoting Market Integrity
Introductory remarks of Allan Bell, MHK
Treasury Minister of the Isle of Man
16.06.09
Charity thanks IoMFMA for support
Women's Aid, the charity which runs the Isle of Man Women's refuge, has thanked the IoMFMA for a recent donation.
15.06.09
Dickinson Cruickshank to merge with Global Offshore Law Firm Appleby
Dickinson Cruickshank is delighted to announce the exciting news that they are to merge with leading global offshore law firm Appleby. The firm will continue to be known as Dickinson Cruickshank until 1st October 2009. Thereafter the firm will be known as Appleby when the merger takes place.
May 2009
19.05.09
New Liquidity Fund site launch for Thomas Miller Investment
In 2006 Thomas Miller Investment took the decision to launch a Liquidity Fund to meet the demand that we felt existed within the market place.