Isle of Man Finance

Regulations allow for the establishment of a fund out of which compensation is to be paid to investors in authorised collective investment schemes if a manager or trustee of an authorised scheme is unable to satisfy clients in respect of a civil liability incurred by them in connection with their business. The regulations also provide for the levying of contributions to the fund from managers and trustees of authorised schemes.

Compensation is as follows:

To date no defaults have taken place and consequently the Compensation scheme has not been activated. This gives weight to the Financial Supervision Commission's contention that the licensing criteria and supervision regime presently in existence, contributes in no small way to the stability and reputation of the Island's fund industry.