Guidance for Regulated Entities preparing to cease regulated business and voluntarily surrender of an authorisation, registration or licence

The Isle of Man Financial Services Authority has published an updated version of Guidance for Regulated Entities preparing to cease regulated business and voluntarily surrender of an authorisation, registration or licence.  A key change is the addition of new supplementary guidance for Authorised Insurers/Permitted Insurers under Appendix 5 to the guidance.  This sets out the Authority’s expectations with regard to an Authorised Insurer planning for its surrender of authorisation, including the level of detail to be included in the Winding-up plan.