Information Gateways - Amend the exceptions from restrictions on Disclosure of Information under various acts

Closed 25 Jul 2017

Opened 13 Jun 2017

Contact

Sarah Galovics

(Policy Adviser – Policy and Authorisations Division)

IOMFSA

+44 1624 646023

sarah.galovics@iomfsa.im

Feedback updated 15 Oct 2019

We asked

We asked for views on proposed changes to the exceptions from restrictions on disclosure of information under the Designated Businesses (Registration and Oversight) Act 2015, the Financial Services Act 2008 and the Insurance Act 2008.

You said

Responses were received from six parties: two insurance businesses, one deposit-taker, one trust and corporate services provider, one Isle of Man law firm, and one Statutory Board.

We did

We responded to the comments we received in Consultation Response paper CR17-03/T07, which was published in August 2017. The orders to implement the proposed amendments were made on 6 September 2017 and they came into operation on 1 November 2017.

Results updated 3 Jan 2018

Files:

Overview

To obtain views in relation to three draft orders which amend the exceptions from restrictions on disclosure of information under:

  • the Designated Businesses (Registration and Oversight) Act 2015
  • the Financial Services Act 2008
  • the Insurance Act 2008

The proposed changes to the Insurance Act 2008 will also apply to the Retirement Benefits Schemes Act 2000 by virtue of section 43 of the latter Act.

Areas

  • All Areas

Audiences

  • Self-employed
  • Business owner
  • Other non-resident - business interests

Interests

  • Finance