FSA News

Guidance on How the Isle of Man Financial Services Authority Considers Proposed Company, Business and Domain Names Referred to it by the Companies Registry (Press Release)

Published on: Thursday 12 December 2019

The Isle of Man Financial Services Authority (‘the Authority’) has today issued guidance to help persons setting up a new company or business, or changing the name of an existing company or business, in identifying whether a proposed company, business or domain name is likely to be acceptable.
Advisory notice from OCSIA on cyber hygiene (Press Release)

Published on: Thursday 05 December 2019

The Island’s Office for Cyber Security and Information Assurance (“OCSIA”) has issued the following notice which is relevant to all entities on the Island
CP19-09 / T08 - Regulatory framework for General Insurance Intermediaries (Press Release)

Published on: Wednesday 04 December 2019

Following feedback given in response earlier consultations DP16-07, CP17- 07/T08, CP18-02/T08 and CP18-08/T08, the Isle of Man Financial Services Authority has issued a Consultation Paper to obtain views on the final draft legislation supporting proposals to enhance existing regulatory requirements for general insurance intermediaries.
Enforcement decision-making process published (Press Release)

Published on: Wednesday 04 December 2019

The Authority has now published its enforcement decision making process (“DMP”).
Cyber Security – Establishing an Information Sharing Community (Press Release)

Published on: Wednesday 27 November 2019

The Isle of Man Government’s Office of Cyber-Security & Information Assurance (“OCSIA”) was established in October 2017. As part of its remit, OCSIA has published the Island’s National Cyber Security Strategy (“NCSS”).
Amendments to the Anti-Money Laundering and Countering the Financing of Terrorism Handbook (‘AML/CFT Handbook’) (Press Release)

Published on: Wednesday 27 November 2019

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’).
Public statement concerning the imposition of a discretionary civil penalty under Section 16 of the Financial Services Act 2008 - Fedelta Trust Limited (Press Release)

Published on: Thursday 21 November 2019

The Financial Services Authority (the “Authority”) makes this public statement in accordance with powers conferred upon it under section 13 of the Financial Services Act 2008 (the “Act”).
Quarterly Statistical Data (Press Release)

Published on: Thursday 21 November 2019

The Authority has published its latest statistical data release showing aggregate information about the island’s funds sector in the form of a “funds bulletin”.
Consultation on Fees 2020 (Press Release)

Published on: Friday 15 November 2019

The Isle of Man Financial Services Authority has today issued Consultation Paper (CP19-07/T14) on proposed changes to fees payable to the Authority from 1 April 2020.
Consultation on Auditor Confirmations in Applications for Insurance Authorisation by Protected Cell Companies and Limited Partnerships (Press Release)

Published on: Friday 15 November 2019

The Isle of Man Financial Services Authority has issued a Consultation Paper to obtain views and evidence in relation to the removal of auditor confirmations in the insurance authorisation application process in respect of protected cell companies (PCCs) and limited partnerships (LPs).