Information on changes to fitness and propriety assessments for all regulated entities

Closed 13 Apr 2018

Opened 5 Mar 2018

Contact

Dan Johnson

(Senior Manager – Policy and Authorisations)

+44 1624 646000

policy@iomfsa.im

Feedback updated 15 Oct 2019

We asked

We asked for views on proposed amendments to the Financial Services Rule Book 2016.

You said

We received 19 responses to the proposed changes to the assessment of the fitness and propriety of individuals and the legislative changes required to apply those changes.

We did

The changes to the Financial Services Rule Book 2016 came into operation on 1 August 2018.

Results updated 19 Jun 2018

Files:

Overview

The Isle of Man Financial Services Authority has today issued a consultation paper CP18-01/T12. This paper is seeking views on changes to the process for the assessment of individuals’ fitness and propriety in respect of all regulated entities. The paper also includes a formal consultation on resulting amendments to the Financial Services Rule Book 2016. The proposals are applicable to all regulated entities and the Authority welcomes feedback from interested parties.  

Why we are consulting

To obtain information and views in respect of the Authority’s proposed changes to the process for the assessment of fitness and propriety.

Areas

  • All Areas

Audiences

  • Elected members - MHKs
  • Elected members - local government
  • Tenants
  • Landlords
  • Employees
  • Older people
  • Homeowners
  • Self-employed
  • Students
  • Retired
  • Children & young people
  • Volunteers
  • Unemployed
  • Parents, carers and & guardians
  • People with disabilities or long term illness
  • Leaseholders/ landowners
  • Lesbian, gay, transgender & bisexual
  • Civil and public servants
  • Black & minority ethnic
  • Business owner
  • Road users
  • Visitors & tourists
  • Other non-resident - business interests

Interests

  • Finance
  • Business