MSB Handbook

Money Transmission Service Providers

Class 6 - Money Transmission activities Handbook

Contents

1. Introduction

The Money Transmission activities handbook is produced to provide licenceholders (those who are licensed by the Financial Supervision Commission to conduct Money Transmission activities in or from the Isle of Man), potential licenceholders and other interested parties with easy assess to the legislation and guidance relating to Money Transmission activities in or from the Isle of Man.

The handbook is only produced in an on-line format. However, copies of all statutory documents (original, un-amended, legislation) may be obtained from the Tynwald Library, by quoting the SD number shown at the top of each document.

Please find links below to the Financial Services Act 2008, secondary legislation and relevant pieces of guidance.

Guidance (and where applicable other legislation) relating to other Classes of Regulated Activities may be found in handbooks relating to other licensable activities: Deposit taking, Investment Businesses, Collective Investment Schemes, Corporate Service Providers, Trust Service Providers, and Management and Administration services.

In case of any query, please contact the Enforcement/Authorisations team at the Commission, on +44 (0)1624 689380.

2. Legislation

2.1 The Primary legislation governing Money Transmission activities in or from the Isle of Man is the Financial Services Act 2008

The following secondary legislation is made under powers contained in the Financial Services Act 2008. Where these regulations and regulatory codes have been amended after they were made, the “as amended” version is shown:

2.2 Other legislation which may affect Money Transmission service providers but which is not made under the Financial Services Act 2008: