Investment Advisors and Investment Managers. An Investment Entity established in the Isle of Man the sole activity of which is (1) to render investment advice to, and act on behalf of, or (2) to manage portfolios for, and act on behalf of, a customer for the purposes of investing, managing, or administering funds deposited in the name of the customer with a Financial Institution.
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Samples: International Tax Compliance Agreement, Annex Ii, International Tax Compliance Agreement
Investment Advisors and Investment Managers. An Investment Entity established in the Isle of Man the sole activity of which that is a Financial Institution solely because it (1) to render renders investment advice to, and act acts on behalf of, or (2) to manage manages portfolios for, and act acts on behalf of, a customer for the purposes of investing, managing, or administering funds deposited in the name of the customer with a Financial Institution other than a Nonparticipating Financial Institution.
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