FSA News

Isle of Man Depositors’ Compensation Scheme (in relation to the Banking Business (Compensation of Depositors) Regulations 1991) (Press Release)

Published on: Thursday 31 July 2014

Proposals to terminate the fund established in relation to the default of Bank of Credit and Commerce International S.A.
Virtual currencies – including Bitcoin (Press Release)

Published on: Friday 18 July 2014

The Financial Supervision Commission (“the Commission”) is aware of increasing interest from businesses looking to become involved in the rapidly developing market for virtual currencies such as Bitcoin.
Zurich Bank Ireland (Public Warning)

Published on: Friday 11 July 2014

Zurich Bank Ireland bogus websites
China Securities Regulatory Commission signs a Memorandum of Understanding with the Isle of Man Financial Supervision Commission (Press Release)

Published on: Tuesday 17 June 2014

A delegation from the China Securities Regulatory Commission (“CSRC”) has visited the Island at the invitation of the Chief Minister to sign a Memorandum of Understanding (“MOU”) with the Financial Supervision Commission (“FSC”).
Purity Bank (Public Warning)

Published on: Thursday 22 May 2014

Public Warning: Purity Bank
New Framework for Insurance Special Purpose Vehicles (Press Release)

Published on: Thursday 08 May 2014

Consultation document in relation to regulations and guidance notes for a new class of (re)insurer called Insurance Special Purpose Vehicle (or “ISPV”).
The Insurance and Pensions Authority issues discussion document on the valuation of assets and liabilities of long term insurers for solvency purposes (Press Release)

Published on: Wednesday 30 April 2014

The Insurance and Pensions Authority issues discussion document on the valuation of assets and liabilities of long term insurers for solvency purposes
ATM Express AG (Public Warning)

Published on: Thursday 20 February 2014

ATM Express AG - www.atmxpay.com falsely claims to have a mailing address in the Isle of Man.
Draft Designated Businesses (Registration and Oversight) Bill 2014 (“the Bill”) (Press Release)

Published on: Thursday 20 February 2014

Issue of a second consultation document on the draft Designated Businesses (Registration and Oversight) Bill 2014 (“the Bill”). The Bill.
Global Investment Bank (IOM) Limited and Global Investment Bank Offshore Services Limited (Public Warning)

Published on: Thursday 30 January 2014

Global Investment Bank (IOM) Limited and Global Investment Bank Offshore Services Limited falsely claiming incorporated in the Isle of Man.