IoM Regulator Cracking Down On Unlicensed Activity
by Amanda Banks, Lowtax.net, London
31 January, 2018
The Isle Of Man's Financial Services Authority says it is cracking down on unlicensed persons carrying on regulated activities.
Regulated activities include acting as a director or secretary of a company, acting or arranging for another person to act as a nominee shareholder of a company, and providing or arranging for premises for use as a registered office or address for a company.
A complete list of regulated activities as defined by the Regulated Activities Order 2011 and licensing exemptions can be found on the Authority's website.
The Authority said that anyone unsure of whether they are carrying out regulated activities without the relevant license should either seek independent legal advice or contact the Authority.
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