FSA News

AML/CFT Handbook - Sector Specific Guidance (Press Release)

Published on: Friday 05 June 2015

Following the publication of the revised AML/CFT Handbook on 2 April 2015 the Commission has today published some sector specific guidance to supplement the core document.
Merger of the Financial Supervision Commission and Insurance and Pensions Authority (Press Release)

Published on: Friday 10 April 2015

The merger offers a wide range of benefits in terms of enhanced capabilities, consistency of regulatory approach and efficiencies.
Britannia International Limited (Press Release)

Published on: Thursday 02 April 2015

Britannia International Limited has surrendered its licence.
UK Secured Finance Fund plc (Press Release)

Published on: Tuesday 31 March 2015

Sarah Sanders and Alex Adam both of Deloitte LLP to act as Joint Controllers.
Release of ISPV framework (Press Release)

Published on: Thursday 05 March 2015

The Insurance and Pensions Authority has today brought into effect its regulatory framework for Insurance Special Purpose Vehicles (“ISPVs”), which has been developed in close consultation with industry and the Isle of Man’s Department of Economic Development.
Termination of the fund established in relation to the default of Bank of Credit and Commerce International S.A. (“the Fund”) (Public Notice)

Published on: Monday 02 March 2015

In accordance with the provisions contained in the Depositors’ Compensation Schemes (Miscellaneous Provisions) Regulations 2014, on 26 February 2015 the Financial Supervision Commission, as Scheme Manager of the Fund, resolved to terminate the Fund forthwith.
Termination of the fund established in relation to the default of Bank of Credit and Commerce International S.A. (“the Fund”) (1) (Press Release)

Published on: Monday 02 March 2015

Termination of the fund established in relation to the default of Bank of Credit and Commerce International S.A. (“the Fund”)
IPA issues discussion paper on Enterprise Risk Management , Internal Models and Operational Risk for life insurers (Press Release)

Published on: Tuesday 23 December 2014

The discussion paper sets out issues relating to the use of Enterprise Risk Management by life insurers, the use of internal models for regulatory capital purposes, and the calculation of capital requirements for operational risk, all in the context of life insurance business.
Nat Deutsche Group (Public Warning)

Published on: Wednesday 10 December 2014

Public warning: Nat Deutsche Group
The Boards of the financial services regulators in the Guernsey, Isle of Man and Jersey met on 5 November 2014 (Press Release)

Published on: Friday 14 November 2014

The meeting provides an annual forum for members of the respective Boards to meet and discuss common issues affecting the Crown Dependencies and to share their regulatory knowledge and experience.