FSC Takes Action Over Foundations Program Plc

The Isle of Man Financial Supervision Commission, (FSC), has placed a direction under section 12 of the Collective Investment Schemes Act 2008 on Foundations Program Plc, (‘Foundations’) an Isle of Man Legacy Experienced Investor Fund and its board of directors for their failure to meet the requirements of the Financial Supervision (Experienced Inv

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at Isle of Man Government News 2010-12-23.