Draft Amendments to the Regulated Activities Order 2011 and the Financial Services (Exemptions) Regulations 2011

Closed 6 Oct 2017

Opened 25 Aug 2017

Overview

The Isle of Man Financial Services Authority has today issued a Consultation Paper (CP17-09/T10) to obtain views in relation to draft amendments to the Regulated Activities Order 2011 and the Financial Services (Exemptions) Regulations 2011.

This consultation paper will be of particular interest to —

  • Class 1 deposit takers participating in SEPA schemes;
  • Class 2 (investment business) licenceholders advising on pension transfers, and pension providers transferring or receiving pension benefits;
  • Class 2 licenceholders which operate nominee companies;
  • Persons providing services to one exempt or exempt-type collective investment scheme;
  • Persons taking advantage of the Class 4 domestic services exemption (exemption 4.7 of the Financial Services (Exemptions) Regulations 2011);
  • Persons taking advantage of some exemptions under Class 8 (payment services); and
  • Class 8 licenceholders undertaking payment services activity.

Areas

  • All Areas

Audiences

  • Elected members - MHKs
  • Elected members - local government
  • Employees
  • Older people
  • Self-employed
  • Retired
  • Civil and public servants
  • Other non-resident - business interests

Interests

  • Pensions
  • Finance
  • Business