Credit Unions – Deferred Shares

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Closes 27 May 2019

Introduction

This consultation paper is issued by the Isle of Man Financial Services Authority, which is the regulatory body for the financial sector in the Isle of Man.

The purpose of this consultation is to obtain views about a draft Order to permit credit unions to issue deferred shares to their members.

Please supply evidence to support your views on these matters, where relevant.

The closing date for comments is 27 May 2019.
Please send comments in writing and preferably by email (but not scanned documents) to:

Mrs Susan Woolard
Isle of Man Financial Services Authority
PO Box 58, Finch Hill House
Bucks Road, Douglas
Isle of Man, IM99 1DT
Email: susan.woolard@iomfsa.im
Telephone: +44 (0) 1624 689333

If you have a query in relation to how this consultation has been carried out, please contact the Authority’s Policy and Authorisations Division by email at IOMFSAPOLAUTH@gov.im or by telephone on +44 (0) 1624 646000.

Confidentiality and Data Protection

The information you send may be published in full or in a summary of responses.

All information in responses, including personal data, may be subject to publication or disclosure in accordance with the access to information regimes (these are primarily the Freedom of Information Act 2015 and the Data Protection Act 2018). If you want your response to remain confidential, you should explain why confidentiality is necessary. Your request will be acceded to only if it is appropriate in the circumstances. An automatic confidentiality disclaimer generated by your IT system will not, of itself, be regarded as binding.

The Authority is registered with the Information Commissioner as a data controller under Isle of Man data protection legislation. It collects and processes personal data to carry out its functions under relevant legislation and may share personal data with other parties where there is a legal basis for doing so.

Further information on how the Authority collects and processes personal data can be found in the Privacy Policy on the Authority’s website.