Isle of Man – CM C

2024, Cross-border, Update

Country Manual Credits

Isle of Man – Update 2024

BRP SA - Isle of Man Bradda Head – CM C
BRP SA – Isle of Man Bradda Head – CM C

BRP has updated its Country Manual Credits for Isle of Man out of Credits institutions country of establishment (RS, BT & RT)

Source of changesAnswers
Law / RegulationNo
New Position of the AuthoritiesNo
Evolution of Expert’s InterpretationNo

Regulatory Template

Material changes

The Country Manual has been reviewed to ensure that the content of all documents remains accurate and in line with the evolving interpretation of the current legal and regulatory framework. We can confirm that there have been no relevant material legal or regulatory changes in the Isle of Man since the last update of the manual.

The section on Tax now has more detail on the tax regime in the Isle of Man.

Non-material changes

Some comments/conditions have been reworded, and additional references to applicable law/regulation have been made in order to provide more clarity and to reflect the current regulatory situation more accurately.

Further non-material changes have been made throughout the documents.

Behaviour Template

The answers in the BT have been aligned to those contained in the RT.

Definitions and Concepts

The document Definitions and Concepts now includes a Concordance Table. This Table is designed to help the users of the Country Manual Credits easily recognize existing or potential interactions between the rules of different types of credits.

For more information, please contact us: info@brpsa.com

Geneva, October 24th, 2024