Page 498 - IOM Law Society Rules Book

Regulated Activities Order 2008

(b) no person in the same economic group as that person is acting in the
same capacity in relation to an exempt scheme or exempt-type scheme.
Interpretation

(1) For the purpose of Class 3 —
(a) the following terms have the same meanings as in the Collective
Investment Schemes Act 2008 —
"administrator"
"asset manager"
"collective investment scheme"
"custodian"
"fiduciary custodian"
"investment adviser"
"manager"
"promoter"
"trustee"
"exempt scheme"
(2) For the purpose of the above exclusion —

(a) "exempt-type scheme" means a scheme which does not, but would be
an exempt scheme if it did, comply with paragraph 1(2) of Schedule 3
to the Collective Investment Schemes Act 2008;

(b) persons are in the same economic group where an individual, either
alone or with an associate or associates, is entitled to exercise or
control the exercise of 50% or more of the voting power at any general
meeting of any of those persons or of another company of which they
are subsidiaries.

CLASS 4 — CORPORATE SERVICES
Regulated activities

(1) Providing services with respect to the formation of companies.
(2) The sale, transfer or disposal of companies.

(3) Providing or arranging for premises for use as a registered office for a
company.

(4) Providing or arranging for accommodation address facilities for a company.
(5) Acting as a registered agent under the Limited Liability Companies Act 1996
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or the Companies Act 2006 .
(6) Acting as an officer of a company (including as director or alternate director,
but excluding as secretary, of a company).

(7) Acting as secretary of a company.
(8) Arranging for another person to act as an officer of a company (including
acting as a director, alternate director or secretary of a company).

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2006 c.13
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