The Isle of Man Financial Services Authority (“the Authority”) publishes statistics on a regular basis, which summarise the size and level of activity within the various sectors of the finance industry in the Isle of Man.
As well as current figures, some historical figures are also included to show how the sectors have developed over recent years.
The Authority’s policy is, subject to the availability of data, to be transparent with industry statistics so that the users of the Island’s products and services can make informed judgements about the markets in which they are dealing.
|Designated Businesses (Registration and Oversight) Act 2015||Year ended 31 March|
|s.7 – Civil Penalties - carrying on or holding out as carrying on designated business without being registered|
Civil Penalties Issued
|s.13 – Civil Penalties for failure to submit annual returns and / or pay annual oversight fee|
|Unpaid leading to revocation||0||2||0|
|s.15 - Request for information|
|Requests issued leading to:|
|Deregistered by request||0||0||1|
|Considered for revocation||0||0||1|
|Resolved registration consideration||0||0||0|
|As part of inspection process||13||5||0|