Update from July 2017

The further draft of the Code published by the Isle of Man Financial Services Authority (IOMFSA) in November is expressed to constitute a “final consultation”. We now can expect the Code to be enacted in materially identical terms and with an effective date of 1 January 2019. Therefore, notwithstanding the time they have bought during consultation, many offshore life companies face a tough timetable to introduce significant changes in their internal governance and customer processes. Those businesses that are not already well advanced in implementing the associated culture change will find that this compounds the challenge.

Read More

Share
Twitter LinkedIn Email Save as PDF
More Publications
30 Jul 2021 |

Fighting international fraud

First published in New Law Journal, July 2021. Appleby partners Anthony William and Jared Dann an...

Contributors: Jared Dann, Claire Corkish
28 Jul 2021 |

Trust Protectors and the Exercise of Trustee Powers

The recent judgment of the Staff of Government Division in the case of Mazzoleni v Summerhill Trust ...

Contributors: Erin Trimble-Cregeen
18 Jun 2021 |

Isle of Man – Extension of Economic Substance Requirements to Partnerships and Limited Liability Companies

The Income Tax (Substance Requirements) Order 2021 was approved by Tynwald on 16 June 2021.  This O...

12 Mar 2021 |

Material adverse change clauses in light of the Covid-19 pandemic

Experts from each of our key global offices provide jurisdiction specific advice and answer question...

8 Mar 2021 |

Appleby Celebrates International Women’s Day

International Women’s Day is celebrated annually in support of gender equality and equal participa...

8 Dec 2020 |

The International Comparative Legal Guide to Gambling 2021 – Isle of Man Chapter

This chapter was first published in The International Comparative Legal Guide to: Gambling 2021, by ...

Contributors: Sophie Corkish
30 Oct 2020 |

When Worlds Collide – How COVID is Connecting Technology with Natural Resources

Dating back to the beginning of 2020, the natural resources sector has been extremely active at both...

Contributors: Peter Colegate