Isle Of Man Licensing
The Isle of Man is one of the oldest and most respected licensing jurisdictions for online gaming in Europe. The legislative framework for regulations was set by the Electronic Transactions Act of 2000 and the Online Gambling Regulation Act 2001, which legalized online gaming operation in. In fact, the Isle of Man licensing process is extremely important to the overall economy of the area to the point that they have zero taxes for a number of businesses that operate there. The Key Points of Isle of Man Licensing. Generally speaking, there are a few key points that make a license from the Isle of Man.
- Isle of Man vehicle license plates. A Manx number plate displaying the GBM country code. Manx car number plate. Map showing the Isle of Man within the British Isles. Vehicle registration began in the Isle of Man on 1 January 1906, following the Highways Act Amendment Act 1905.
- Isle of Man, laws, legislation, Statutes, Ordinances, Regulations, Acts, legal, amendments, current laws, justice, promulgated, primary legislation, statute book.
LICENCE VALIDATIONS
The Isle of Man Aircraft Registry issue Certificates of Licence Validation for:
- Flight Crew Licences
- Aircraft Maintenance Engineer Licences.
The Isle of Man Aircraft Registry does not issue personnel licences. We validate licences issued by appropriate contracting states to the Convention on International Civil Aviation (ICAO) and accept the licensing/medical certificate variations/exemptions issued by the State of Licence Issuance (the 'Licensing Authority') unless specified otherwise.
Any restrictions or conditions imposed by the Licensing Authority (including their variations/exemptions) must also be complied with by the licence holder when exercising the privileges of their Certificate of Licence Validation. Any non-compliance by the licence holder with the Licencing Authority, its regulations and or exemptions would in our view invalidate the licence and therefore invalidate the Isle of Man Certificate of Validation.
Vehicle Licensing Isle Of Man
It is the responsibility of the licence holder to satisfy themselves that exercise of their licence privileges remains in accordance with the requirements and conditions imposed by their Licencing Authority.
Further information on these validations are in the links below.
- deal in investments;
- arrange deals in investments;
- manage investments belonging to another person;
- provide administration and safeguarding of investments; and
- advise on investments.
Businesses that provide services to Collective Investment Schemes will need to hold a Class 3 licence. Please see Class 3 – Collective Investment Schemes/Funds.
Full details of regulated activities, exclusions and exemptions from licensing may be found in the Investment Business handbook. A licenceholder under the Financial Services Act 2008 is obliged to comply with any licence conditions that have been imposed by the Isle of Man Financial Services Authority (“the Authority”) and which are shown on the licence.
The Investment Business handbook also contains links to other legislation relating to licenceholders, including the Financial Services Rule Book which contains the detailed rules to be complied with by all licenceholders. Guidance on rules and on other regulatory matters may also be found in the handbook.
The Authority issued an Explanatory Guide about Financial Advice on its expectations in respect of financial advice and suitability. Please also refer to Financial Advice – Sales & Advisory Guidance.
Isle Of Man Taxi Licensing
The Authority’s Licensing Policy for Regulated Activities under the Financial Services Act 2008 (“licensing policy”) provides guidance for licenceholders. A licenceholder and its key staff are required to be fit and proper persons. The Authority’s licensing policy is to apply a test of fitness and propriety in the key areas of integrity, competence and financial standing.
Isle Of Man Road Transport Licensing Committee
Licenceholders should also note the requirements of the anti-money laundering and countering the financing of terrorism legislation and handbook.