Fiduciary Services Licence Categories
This page only applies to businesses licensed PRE-1.8.08 to provide services to collective investment schemes.
BUSINESSES WHICH BECOME A LICENCEHOLDER OR COMMENCE A REGULATED ACTIVITY AFTER 1ST AUGUST 2008 SHOULD REFER TO THE POST-1.8.08 HANDBOOK
| Class and Category of licence | Regulated Activities
(Carried on in or from the Isle of Man, by way of business)
|
|---|
| Fiduciary –
CSP Category 1 | - formation, sale transfer or disposal of companies;
- provision of premises for a registered office or accommodation address of a company;
- acting as or arranging for others to act as a director, alternate director or secretary of a company;
- acting as or arranging for others to act as a nominee shareholder of a company;
- holding units on behalf of another in a unit trust scheme;
- provision of services or premises for, accepting service or arranging for others to accept service on behalf of a partnership, arranging for others to act as partners in a partnership;
- provision of company administration services; and
- provision of company administration services; and
- acting as a registered agent of a 2006 Act company.
|
| Fiduciary –
CSP Category 2
| - acting as a company director (individuals only)
|
| Fiduciary –
Trust Corporation | - acting as a trustee or protector of an express trust;
- acting as a Trust Corporation (see Trustee Act 1961, s.65A(b));
- acting as an enforcer of a purpose trust (see Purpose Trust Act 1996, s.1(1)(d)); and
- provision of trust administration services.
|
| Fiduciary –
TSP Category 1 | - Same as a Trust Corporation with the exception of acting as a Trust Corporation
|
| Fiduciary –
TSP Category 2 | - Acting as a co-trustee or protector of an express trust (individuals only)
|
Note
The above table is intended to serve as a quick reference guide to the various class and categories of investment business licensees. Please refer to the General Licensing Policy for further details.
