Financial Services & Regulatory Compliance

Our objective is to provide pragmatic, commercially astute and innovative advice to financial institutions, regulated entities and individuals. We seek to achieve this objective through a thorough understanding of the markets and businesses in which our clients operate, an in-depth knowledge of the Isle of Man Financial Supervision Commission and how its authorisation, supervision and enforcement divisions operate in practice, as well as an in depth knowledge of the relevant law and regulations.

The advice and assistance we provide covers a broad range of advisory and contentious areas which include:

Advisory

  • advising on whether Financial Supervision Commission authorisation or approval is required and managing applications
  • licensing procedures and requirements
  • ongoing regulatory advice
  • compliance policies and implementation of systems and controls
  • anti-money laundering policies, systems and procedures
  • customer documentation
  • outsourcing in the financial services sector

Disputes

  • assistance with dealing with the Financial Supervision Commission on potentially contentious supervision issues and visits
  • preparation of reports to be submitted to the Financial Supervision Commission on regulatory problems and remedial action
  • representing firms and individuals in investigations and enforcement action

For more information please contact Timothy Mann e-mail: timothymann@mannbenham.com or Carly Park e-mail: carlypark@mannbenham.com