Engagement Hub

The Isle of Man Financial Services Authority ('the Authority'), issued a Call for Input seeking engagement and views on the nature, prevalence and provision of Family Office-type services being offered ‘by way of business’ in or from the Island.

The Authority received 17 responses to the Call for Input. The majority of these responses favoured a continuation of the current treatment of Family Office-type services being offered in for from the Island.

The Authority has prepared a response document, which provides a summary of the feedback submitted to the Call for Input. No change to the treatment of Family Office-type services is proposed at this current time. The Authority is currently reviewing its wider exemptions and exclusions framework, and further consideration around Family Office type activity will feed into this wider project.

Additional public and stakeholder consultation and engagement will be undertaken where necessary.

The purpose of the consultation by the Department of Home Affairs was to seek public views on policing in the Isle of Man to help shape the Constabulary's focus, priorities and where resources are directed to.

There were 324 responses to the consultation. The results are attached below, as a Summary of Responses document.

The Department is grateful to all those who took time to respond to the consultation. The results have been considered and used to inform the Policing Plan 2024-25, alongside what we heard at the Constabulary roadshows, consultation with the Chief Constable, Community Safety Partnership, reporting from the Constabulary and other research. 

The Isle of Man Financial Services Authority invited feedback on proposals to update and integrate the Insurance Regulations 2021 with simplified elements of the Insurance (Special Purpose Vehicles) Regulations 2015 and Guidance Notes for Insurance Special Purpose Vehicles into a combined single document: the Insurance Regulations 2024. The consultation also includes additional proposals relating to fast-track authorisation, regulatory sandboxing and potential restrictions on activities undertaken alongside regulated insurance activities.

The Authority received 11 responses to the consultation paper. The responses were generally supportive of the changes being proposed but queried how certain aspects might be implemented.

The Authority prepared a consultation response document, which details the feedback and responds to the questions raised.  In addition the Authority has revised its proposals and is issuing a second consultation (CP24-05).