Consultation response on Auditor Confirmations in Applications for Insurance Authorisation by Protected Cell Companies and Limited Partnerships
The Isle of Man Financial Services Authority has today published a Consultation Response (CR20-06/T17) following its consultation to obtain views and evidence in relation to the proposal to remove the requirement for auditor confirmations in the insurance authorisation application process in respect of Protected Cell Companies and Limited Partnerships. The same requirement for conventional insurance companies had been removed when the Authority introduced the Insurance Regulations 2018 (which updated the Insurance Regulations 1986).
Please refer to the consultation webpage for further information.