All companies in the Isle of Man formed under the 2006 Act must, at all times, have a registered agent. It is only such agents who are able to submit the documentation to the Registrar to form a new 2006 Act Company. There is no requirement for a company formed under the 1931 Act to have a registered agent.
In order to be a registered agent in the Isle of Man that agent must hold a licence. Pursuant to the Isle of Man Financial Services Act 2008, such a licence is granted by the Isle of Man Financial Supervision Commission.
The failure of a 2006 Act company to have a registered agent may lead to the company being struck off the register by the Registrar (s.183).
To learn more about the role of Registered Agent in the Isle of Man see our article -“What is an Isle of Man Registered Agent ? – Practical guide“.