Licencing of UK vessels is also managed by the Isle of Man Government whilst Brexit talks took place between Isle of Man and UK officials.
The British Crown Dependency also maintains the right to set its own catch limits and conservation measures for certain fisheries including scallops.
Island fish producers will also be able to import their products to the EU without facing tariffs, which is worth around £20million a year.
Isle of Man has secured a separate deal to the UK (Image: Express Newspapers)
Chief Minister for the Isle of Man, Howard Quayle (Image: PA)
UK-registered vessels are already licensed and regulated by the Isle of Man government.
Scallops being collected and moved out of the cable path
Click to buy photos from our newspaper ➔
Printed and digital download photos available
More than half a million queen scallops have been moved from the route of an underwater cable following a unique collaboration.
The government worked with scientists and fishermen to locate, catch and re-home 19 tonnes of scallops ahead of work to link the island with the Havhingsten Telecommunication Cable.
Dublin-based Celtix Connect, on behalf of Aqua Comms, has been authorised to land two branches of the marine fibre optic cable at Port Erin and Port Grenaugh in the coming months.