Author Archives: Isle of Man Government News

Proposals to amend the Financial Services Act and Collective Investment Schemes Act

The Commission is seeking views on high level proposals to amend the Financial Services Act 2008 and Collective Investment Schemes Act 2008 before drafting an Amendment Bill. Outline proposals are contained in this document which requests general or sp…

Update: Bogus Internet Car Sales

The Commission has become aware of websites and companies whose sites purport to offer motor vehicles for sale. Text and pictures used on these websites appear to have been copied, without authority, from the websites of genuine car dealing companies.

Retail Distribution Review (“RDR”)

Following the announcement by the UK Financial Services Authority (“FSA”) relating to its RDR, the Commission has been closely watching developments in this area and assessing the potential impact of this UK FSA initiative on its licenceholders an…