Dear CEO letter to Regulated Entities in relation to Fitness and Propriety (“F&P”) Assessments

The Isle of Man Financial Services Authority (the “Authority”) has issued a “Dear CEO” letter to Regulated Entities.  The letter provides clarification of the Authority’s F&P assessment approach, links to relevant guidance and frameworks together with the Authority’s expectations of your firm in ascertaining whether an individual is, and remains, fit and proper.

A copy of the letter is available here.

If you have any questions regarding the letter, please contact