Credit Unions: The New Regulatory Regime and Amendment to Loan Interest Rate

Closes 14 Dec 2018

Opened 5 Nov 2018


The Isle of Man Financial Services Authority has today issued Consultation Paper CP18-06/T03 on the new regulatory regime for credit unions and amendment to the existing loan interest rate.

Why We Are Consulting

The purpose of this consultation is:

  • To obtain views about the proposed credit unions’ regulatory regime that will be enacted in secondary legislation made under the Financial Services Act 2008
  • To seek views on the proposed increase to the maximum interest rate payable by borrowers on loans made by credit unions under the Credit Unions Act 1993 (as amended in 2018)


  • All Areas


  • Anyone from any background


  • Policies, strategies & plans