Isle of Man

Corlett, Andrew
June 2005
Lawyer;6/13/2005, Vol. 19 Issue 23, p35
Trade Publication
The article reports that the Isle of Man is in the process of implementing a new regulatory system, which will introduce a licensing system to regulate professional trustees. The new regulatory system will be managed by the island's Financial Supervision Commission, which has strived hard to ensure that the regulation of the trustee does not interfere with the regulation of the trust by the island's Chancery Court. Meanwhile, the Isle of Man Treasury has canvassed the private sector for assistance in helping to evaluate economic benefits on a country-by-country basis.


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