Fees 2020

Closed 10 Jan 2020

Opened 15 Nov 2019

Feedback Updated 21 Jan 2020

We Asked

We asked for views on proposed increases to fees payable to the Authority from 1 April 2020 in line with inflation.

You Said

We received four responses, however no significant issues were raised.

We Did

The new fees are due to come into operation on 1 April 2020, subject to the necessary Tynwald procedure.

Results Updated 21 Jan 2020

Files:

Overview

The Isle of Man Financial Services Authority has today issued Consultation Paper CP19-07/T14 on proposed changes to fees payable to the Authority from 1 April 2020.

Why We Are Consulting

The consultation is relevant to all persons that are licensed, authorised or registered under the Financial Services Act 2008, Insurance Act 2008, Retirement Benefits Schemes Act 2000, Designated Businesses (Registration and Oversight) Act 2015 or that have responsibility for collective investment schemes under the Collective Investment Schemes Act 2008. It is also relevant to advisers to those persons, or potential applicants for those permissions or their advisers.

What Happens Next

Following closure of the consultation period, the Authority will review the responses received and publish a Consultation Response document on the Authority’s website and the Isle of Man Government’s Consultation Hub.

Subject to any changes to the proposals that may be made as a result of responses received, it is intended that the draft legislation will be finalised for laying before Tynwald for approval at the March 2020 sitting for commencement in April 2020.

Areas

  • All Areas

Audiences

  • All residents

Interests

  • Legislation
  • Policies, strategies & plans
  • Finance