Authority revamps authorisations web content

Tue, 14 Feb 2023

The Isle of Man Financial Services Authority has refreshed its online content in support of its role as the gatekeeper to the Island’s finance sector.

The authorisations section of the Authority’s website has been updated to assist potential applicants seeking a licence to conduct financial services or authorisation in respect of insurance business.

Changes have been implemented with a view to making the relevant information and guidance more streamlined and accessible.

The web pages include an overview of what the Authority looks for in an applicant, what to expect at different stages of the application process, and typical timelines leading up to a decision.

The licensing, registration and authorisation process plays a crucial role in helping the Authority to fulfil its objectives of protecting consumers, reducing financial crime, and maintaining confidence in the financial services sector.

Potential applicants are encouraged to read the online information and to contact the Authority at an early stage, so that officers can gain an understanding of the proposed business requirements.

 

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