Engagement Hub

Consultation helps shape our work to inform the development of policy, projects and legislation. It helps us to find out your views and lets us know about any ideas or suggestions you may have. 

Eaisht lesh dagh cleaysh, eisht jean briwnys
Listen with each ear, then decide

We asked, You said, We did

Here are some of the issues we have consulted on and their outcomes. See all outcomes

We asked

The Isle of Man Financial Services Authority invited feedback on proposals to amend certain aspects of the insurance valuation and solvency framework, including amendments to the regulatory capital calculation.

You said

The Authority received 10 responses to the consultation paper. The responses were supportive of the changes being proposed.

We did

The Authority prepared a consultation response document, which provides a summary of the feedback submitted and responds to all questions raised. The Authority will now prepare the final Insurance (Fees and Solvency)(Amendment) Regulations 2024 to be laid before Tynwald.

We asked

The purpose of the consultation by the Department of Education, Sport and Culture was to seek stakeholder and public views on areas considered appropriate for update in the proposed Education (Amendment) Bill. The consultation ran for 6 weeks from 27 March to 10 May 2024

You said

There were 509 responses to the consultation. The results can be found attached below.

We did

The Department is grateful to all those who took time to respond to the consultation. The results will be considered and used to form the policy principles which will result in amendments to the existing Isle of Man Education legislation.

We asked

The Isle of Man Financial Services Authority ('the Authority'), in conjunction with the Department of Home Affairs and the Treasury, invited feedback on proposals to amend certain aspects of the of the Anti-Money Laundering and Countering the Financing of Terrorism Framework. This included updating certain definitions and terminology throughout the legislation, and also the introduction a new activity into the Designated Business regime.

You said

The Authority received 8 responses to the consultation. The responses were all broadly supportive of the changes being proposed.

We did

The Authority prepared a consultation response document, which provides a summary of the feedback submitted and responds to any questions raised. The Authority will now prepare the final Designated Businesses (Amendment) Order 2024 and the Proceeds of Crime (Business in the Regulated Sector) (Amendment) Order 2024 for approval by Tynwald.