Strategic Plan 2024-2027

Driving continuous improvement

The Authority’s Strategic Plan 2024-2027 sets out our intentions to drive continuous improvement in the Island’s regulatory environment.

Following a period of significant development, our focus is on embedding our updated approach to supervision, maximising our use of data and developing our people.

The theme is one of evolution, with the strategic plan identifying workstreams that support the objectives of protecting consumers, reducing financial crime and maintaining confidence in the finance sector through effective regulation. Officers will also continue to make an important contribution towards preparations for the Isle of Man’s next MONEYVAL evaluation.

Where internal efficiencies and greater automation create additional capacity, projects will be progressed that the Authority believes will add real purpose and value for its stakeholders.

The strategy, which has been shaped by feedback from Island firms to the 2023 industry survey, outlines high-level plans under the three strategic pillars of Infrastructure, Frameworks and People. The proposals will:

• Strengthen organisational resilience and maximise the benefits of technology
• Improve stakeholder engagement, and support a thriving, innovative and sustainable finance sector
• Encourage a culture of excellence at the Authority