FSA News

Sanctions Update (Sanctions Notices) (Sanctions Notices)

Published on: Friday 06 March 2020

The Authority has been notified that the Isle of Man Treasury has recently published new and updated information regarding the above Sanction regimes. Department of the Treasury News Releases advising details of the updates to the above Sanctions regimes can be read on the IOM Government website (www.gov.im/news) at:
Amendments to the Anti-Money Laundering and Countering the Financing of Terrorism Handbook (‘AML/CFT Handbook’) (Press Release)

Published on: Thursday 05 March 2020

The Authority wishes to draw your attention to some amendments to the Anti-Money Laundering and Countering the Financing of Terrorism Handbook (‘AML/CFT Handbook’).
Montpelier (Trust & Corporate) Services Limited (“Montpelier”) – Application for Winding-up (Press Release)

Published on: Thursday 05 March 2020

On 7 October 2019, following an application by the Isle of Man Financial Services Authority (the “Authority”), the Isle of Man High Court made an order that a manager, receiver and inspectors be appointed in respect of Montpelier. Details of those appointments are set out below.
British Regional Airlines Group Pension Scheme (Public Notice)

Published on: Thursday 05 March 2020

On 5 March 2020 Flybe Limited, the principal employer of the pension scheme, entered into administration.
Jessup & Co (Public Notice)

Published on: Wednesday 04 March 2020

Notice is hereby given that Jessup & Co, which was Registered under the Designated Businesses (Registration & Oversight) Act 2015, has been de-registered in accordance with 12(1)(a) with effect from 27 February 2020 .
IOMFSA enters into new MOU with Dubai Financial Services Authority (Press Release)

Published on: Wednesday 04 March 2020

On 2 March 2020 the Isle of Man Financial Services Authority and the Dubai Financial Services Authority entered into an updated Memorandum of Understanding.
2020 Roadmap for updating the Isle of Man's regulatory framework for insurance business (Press Release)

Published on: Friday 28 February 2020

The Isle of Man Financial Services Authority (“the Authority”) has today issued its February 2020 Roadmap for updating the Isle of Man's regulatory framework for insurance business.
The transition from Interbank Offered Rates (IBOR) – Information for Regulated Entities (Press Release)

Published on: Wednesday 26 February 2020

Regulators involved with benchmark interest rates have been making preparations for the replacement of various Interbank Offered Rates (IBOR) with alternative Risk Free Rates (RFRs) for some time.
Private Wealth Management LLP (Public Warning)

Published on: Wednesday 26 February 2020

The Authority has recently become aware of a website www.privatewealthltd.com purporting to represent the business Private Wealth Management LLP and claiming to operate from the address, St Mary’s Court, 20 Hill Street, Douglas, Isle of Man IM1 1EU.
isleX Ltd (Public Notice)

Published on: Monday 24 February 2020

Notice is hereby given that isleX Ltd, which was Registered under the Designated Businesses (Registration & Oversight) Act 2015, has been de-registered in accordance with 12(1)(a) with effect from 24 February 2020.