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CFCL General information - Isle of Man

Reference

Last Updated
29.08.2024

CFCL eligible fund types

Register market

Investment funds in the Isle of Man are referred to as Collective Investment Schemes (CIS) and are governed by the Isle of Man Collective Investment Schemes Act 2008 (CIS Act), as amended.

Legal forms which CIS can be structured as include:

  • Companies (Incorporated under the 1931 Act Companies or the 2006 Act Companies);
  • Unit trusts;
  • Limited partnership (under the Limited Partnership Act 2011).

Operational arrangements

This section describes the operational arrangements of the Isle of Man market:

Register market 

Remarks 

Settlement free of payment 

Yes 

Settlement against payment 

Yes 

Eligible settlement currencies (between CEU, CBL and CFCL counterparties only): AUD, CAD, CHF, CNY, CZK, DKK, EUR, GBP, HKD, HUF, JPY, MXN, NOK, NZD, PLN,  SEK, SGD, TRY, USD and ZAR.