As a follow on, the UK ANO definition of Operator is
Subject to paragraph (4), references in this Order to the operator of an aircraft are, for
the purposes of the application of any provision of this Order in relation to any
particular aircraft, references to the person who at the relevant time has the
management of that aircraft.
(4) For the purposes of the application of any provision in Part III of this Order, when by
virtue of any charter or other agreement for the hire or loan of an aircraft a person
other than an air transport undertaking or an aerial work undertaking has the
management of that aircraft for a period not exceeding 14 days, paragraph (3) shall
have effect as if that agreement had not been entered into.
And I don't quite understand why an aircraft management company located in IOM is not the operator of an aircraft.
On the other hand, I suspect 421C is right that it will just be easier for most of us to just sit the exams get a bit of extra flight training (which can be good value) and be done with it.