Financial Services Tribunal (Amendment) Rules

Closed 9 Jul 2021

Opened 28 May 2021

Overview

The purpose of the consultation is to obtain views on a proposed change to the Financial Services Tribunal Rules 2015 (‘the FST Rules’). The consultation is particularly relevant to persons that may appeal against decisions of the Isle of Man Financial Services Authority under the FST Rules.

Why we are consulting

The consultation paper seeks views on the proposed insertion of the definition of grounds of appeal into the Financial Services Tribunal Rules 2015.  The amendment could affect any part that seeks to appeal against a decision of the Authority, but only by clarifying meaning.

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 views received, it is proposed that the Financial Services Tribunal (Amendment) Rules will progress through Tynwald and come into operation later in 2021.

Areas

  • All Areas

Audiences

  • All residents

Interests

  • Finance
  • Business
  • Economy