Engagement Hub

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.

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

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.

The Department of Home Affairs invited feedback on the policy principles for the proposed National Infrastructure Security Bill.

The public consultation opened on the 5 February 2024 and closed on the 25 March 2024. The Department received 53 responses to the consultation, 48 of which were received via the consultation hub. The 53 responses comprised:

• 36 Members of the public
• 7 Private Companies
• 6 Government Departments, Offices or Boards
• 1 Industry Body
• 1 Local Authority
• 2 not identified

There was a consensus from the responses received on the need for legislation.

Amongst the feedback, there was agreement on the need for a competent and technical authority, as well a general agreement on the key sectors that would constitute the national infrastructure. Furthermore, it is apparent that some sectors on the Isle of Man already comply with compliance regimes similar to those set out in the policy principles and that this must be accounted for when drafting legislation.

The Department is grateful to the individuals and organisations who responded to the consultation. All responses received have now been analysed and used to create a consultation summary report, which has been published on this page.  This report also includes commentary in places where relevant and where respondents indicated that their response could be published or published anonymously.

The report summarises the responses received and sets out the next steps the Department intends to take following this engagement. These will include further research into the options for establishing a Competent Authority (ies) and a Technical Authority as well as finalising which sectors should be included in the definition of the National Infrastructure.

The work in this area will help make our Island safer and we are committed to ensuring that those who may be affected have, through this consultation, and will continues to be involved in the detailed proposals. 

We Asked - As part of the Built Environment Reform Programme ('BERP') and to facilitate the Department of Environment, Food and Agriculture's (DEFA) core functions changes are proposed to the following secondary legislation which is made under the Town and Country Planning Act 1999 ('the Planning Act'):

• the Town and County Planning (Development Procedure) Order 2019 ('the DPO'), and
   
• the Town and Country Planning (Application and Appeal Fees) Order 2021 (as amended in 2023) ('the Fees Order')

Public Consultation ran from 17.11.23 to 26.01.24. The consultation was via the consultation hub and Publicity included: E-mails to MHKs/MLCs, Government Departments, Local Authorities and the Planning User Group Distribution.

There were 49 responses to the survey (given Data Protection respondents were not required to provide details).

The available report is a summary of the responses and the issues they raise (appendix 1 gives overall results and appendix 2 gives detailed comments). The consultations results will inform the final iteration of the Order, which will be laid before Tynwald.