Engagement hub

This consultation sought views on the proposed fee framework for the Data Asset Register.

It asked for feedback on registration and annual fees, optional service charges, cost recovery, charging per asset, indexation, fee reviews and measures to encourage early adoption.

A summary of responses can be found in the document below.

Respondents broadly supported recovering the Register’s costs over time, but raised concerns about the proposed fee levels, particularly the annual fee and the cumulative cost of registering several assets.

Feedback also highlighted the importance of transparency on costs, clear review arrangements and support for early adoption.

The Department has reviewed all responses received.

The feedback is being considered alongside the costs of establishing and operating the Register to inform the final fee approach and supporting regulations.

No final decision has been taken on fee levels, which remain subject to the required approvals.

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Consultation CP 26/01 sought views on the proposed Insurance (Class 12 and 13 Valuation and Solvency) Regulations 2026, Insurance (Valuation, Solvency and Miscellaneous) (Amendment) Regulations 2026 and Insurance (Corporate Governance) (Amendment) Guidance Notes 2026.

It specifically asked for feedback on proposed regulatory valuation and solvency requirements in respect of class 12 (captive insurers) and class 13 (insurance special purpose vehicles).

A summary of responses can be found in the document below.

Respondents were broadly supportive of the proposed frameworks but, in respect of captive insurers, highlighted some suggestions and points for further discussion.

Following the closing date of the consultation, the UK issued its consultation CP11/26 – A tailored regime for captive insurance. The Authority was requested by the Isle of Man Captive Association (IOMCA) to review the proposals for captive insurers in terms of proportionality and competitiveness with the UK’s proposals.

The Authority has commenced that review (which is ongoing) in collaboration with IOMCA, whose members manage all captive insurers impacted by the proposals, including smaller insurers.

Any changes will be communicated to all affected parties (all captive insurers) in due course following that review process.

After finalisation of the proposals, the Authority envisages bringing the revised Insurance (Class 12 and 13 Valuation and Solvency) Regulations 2026, Insurance (Valuation, Solvency and Miscellaneous) (Amendment) Regulations 2026 and Insurance (Corporate Governance) (Amendment) Guidance Notes 2026 into operation at the earliest opportunity.

We asked for views on proposals to require passengers travelling with the Isle of Man Steam Packet Company to carry identification, and to introduce proportionate ID verification during the check-in process. The consultation sought views on whether the proposals were justified, what forms of ID should be accepted, whether exemptions or special arrangements were needed, what practical challenges might arise, and how implementation could be handled in a proportionate and workable way.

The proposed measures received broad support. More than three-quarters of respondents considered that the proposals could help reduce organised crime by strengthening security and reducing opportunities for anonymous travel. However, respondents also emphasised that any arrangements must be practical, fair and proportionate. Particular consideration should be given to children, vulnerable people, those travelling for medical or emergency reasons, and individuals who may face difficulties accessing or presenting standard photographic ID. An analysis of the responses to the consultation is available for download on this webpage.

The Department will use the consultation responses to inform further work with the Isle of Man Steam Packet Company on the practical next steps for implementation. This will include considering an appropriate timeline, clear public communication, guidance on how checks will operate, the forms of ID that should be accepted, and whether exemptions or alternative arrangements are needed for particular groups or circumstances.