Unregulated firm ‘appears to have operated as a collective investment scheme’ seeking pension funds
The Isle of Man Financial Services Authority (IoMFSA) has warned the public about a company called Blackmore Global PCC Limited, which it believes has been operating as a collective investment scheme without proper authorisation.
Blackmore is an Isle of Man company which was incorporated in September 2013 as a protected cell company (PCC).
The firm is not known to have any connection to UK-based mini-bond firm Blackmore, which went into administration in April 2020.
Seeking pension funds
In a statement published on 29 April, the IoMFSA said that Blackmore had issued an offering memorandum and a supplementary offering memorandum for each of its cells.