Crest
Isle of Man Government
Reiltys Ellan Vannin
Isle of Man Government Crest

F.S.C

Isle of Man Fund Structures

For a printable schematic diagram of the current IOM fund structures please click here.

Funds sold directly to the general public

Authorised Scheme

  • Formally authorised - most highly regulated
  • IOM Manager and IOM Fiduciary Custodian/ Trustee
  • Appropriate arrangements for asset management
  • Benefits from an investor compensation scheme
  • Can be sold directly to the general public in the Isle of Man and subject to recognition: UK, Hong Kong, Australia, Jersey and Guernsey etc
  • Can be sold via the other sales routes

Funds aimed at retail investors or markets requiring a fiduciary depositary

Regulated Fund

  • Regulated IOM fund subject to FSC pre approvals
  • No restrictions on types of investor
  • IOM Manager
  • Regulated Fiduciary Custodian/ Trustee
  • Flexibility on investment advisory/ asset management requirements
  • Normally sold through Independent Financial Advisers

International Scheme (superseded by the Regulated Fund)

Not retail - minimum investment level below US$100,000

Qualifying Fund

  • IOM Registered Fund
  • Post event notifications to the FSC
  • IOM Manager
  • Appointed custodian
  • Flexibility on investment advisory\ asset management requirements
  • Investors must be "qualifying investors"
  • Normally sold through Independent Financial Advisers
    • Regulated Financial Adviser Distribution
    • Regulated Promoter controlled distribution through acceptable financial advisers

Experienced Investor Fund – Qualifying Type (superseded by the Qualifying Fund)

Not retail - minimum investment level above US$100,000

Specialist Fund

  • IOM Registered Fund
  • Post event notifications to the FSC
  • Administrator in IOM or acceptable jurisdiction
  • No formal requirements for a custodian
  • Flexibility on investment advisory\ asset management requirements
  • Investors must be "specialist investors"
  • Normally sold through Financial Advisers or direct to institutional investors

Experienced Investor Fund – Legacy Type (superseded by the Specialist Fund)

Professional Investor Fund (superseded by the Specialist Fund)

Unregulated Fund

Exempt Scheme

  • Not directly subject to regulation
  • Must have fewer than 50 investors
  • Cannot be promoted anywhere in the world

Schemes established outside the IOM

Recognised Scheme

  • Equivalent to an IOM Authorised Scheme

Exempt-type Scheme

  • Equivalent to the unregulated IOM Exempt Scheme

Overseas Schemes

  • Schemes established outside the IOM that are not Recognised Schemes or Exempt Type Schemes

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