Consultation on Discretionary Civil penalties for Entities Regulated under the Insurance Act 2008
The Isle of Man Financial Services Authority (“the Authority”) has today issued a consultation CP22-03 Discretionary Civil Penalties for Entities Regulated under the Insurance Act 2008.
The purpose of this is to obtain views and evidence in relation to the making of regulations in respect of discretionary civil penalties on entities regulated under the Insurance Act 2008.
The consultation will be of direct interest to all former, existing and prospective authorised insurers, permit holders, registered insurance managers and registered insurance intermediaries.
A copy of the consultation here.