isleofman.com search for an isle of man business | find a residential number | site search local visitors business Home | Business Sectors | Financial Services Financial Services The Financial Services sector has long been the majority employer for the Island. The booming economy of the Isle of Man is largely due to the success of the financial services industry - the largest sector on the Island. The main activities of the sector include deposit-taking, asset protection and management, packaged investments such as unit trusts, life assurance and also corporate management. Markets for these services are world-wide and the Isle of Man has built an exceptional reputation as a centre of excellence for expatriate banking. Regulation of the finance sector in the Isle of Man is carried out by the Financial Supervision Commission and the Insurance and Pensions Authority. Banking Banking in the Isle of Man is regulated by the Financial Supervision Commission. Insurance Business is controlled by the Insurance Act 2008, and the Insurance and Pensions Authority has responsibility for regulation. Investments Investment businesses in the Isle of Man are required to hold a Class 2 licence. Fiduciary Services It is illegal on the Island to carry out fiduciary services without a licence. Business News Click here to see the islands latest Business News. Directory - Financial Services See our Directory for local Financial Service providers. Business Sectors Financial Services Banking Insurance Investments Fiduciary Services News Directory - Financial Services Copyright 2017 © Manx Telecom Contact Us Email Terms & Conditions Manx Telecom Trading Ltd, Isle of Man Business Park, Cooil Road, Braddan, Isle of Man IM99 1HX Registered in the Isle of Man Reg no.5629V VAT Reg no GB 003-2919-12 We use necessary cookies on manxtelecom.com websites to provide session functions e.g. account logins, baskets and content searches. These cookies are typically removed when you close the browser. We use performance and functionality cookies to help analyse website performance and usage. Finally some of the 3rd party services we use (e.g. embedded YouTube videos) implement targeting cookies to personalise content. By clicking “Accept All Cookies”, you agree to the storing of these cookies on your device or you can select "Manage Cookies" to manage your cookie settings. You can find out more by viewing our Cookies Policy Manage Cookies Allow All Cookies