Click on the title of a consultation to view further information.
|Amendment legislation||F.S.C||Consultation on amendments to reflect new regulator |
The Financial Supervision Commission has today issued for consultation draft amendment legislation principally to replace references to the Commission with references to the Isle of Man Financial Services Authority (‘IoMFSA’), in the Rule Book and collective investment schemes regulations, with effect from the merger on 1 November 2015.
The consultation is primarily relevant to licenceholders that issue documentation that refers to the ‘Financial Supervision Commission’. The closing date for comments is 14 August 2015.
|17 July 2015 - 14 August 2015|
|Financial Services Tribunals Rules 2015 – draft||Cabinet Office||Draft Financial Services Tribunals Rules|
The Council of Ministers has issued for public consultation the draft Financial Services Tribunals Rules 2015 (“FST Rules”). The draft FST Rules prescribe the practice and procedure of the Financial Services Tribunal, which is the body that hears appeals against the Financial Supervision Commission concerning certain decisions made under the Financial Services Act 2008.
Consultation comments - Please submit any comments on the draft FST Rules to Carlos Phillips, External Relations Officer, Cabinet Office – preferably via e-mail to firstname.lastname@example.org.
Queries - If you have any queries regarding the draft FST Rules, please submit these to Susan Woolard, Policy Adviser, Financial Supervision Commission – via e-mail to email@example.com by 7 August 2015.
|14 July 2015 - 14 August 2015|
|Legal Aid Handbook - draft April 2015||General Registry||Legal Aid Handbook - draft April 2015|
This document sets out the procedures to be followed by Advocates and the Legal Aid Admninistration team in dealing with legal aid matters. It reflects the current situation which is presently documented in a number of "Panel Letters" and procedure notes and brings them together into one reference manual. It is envisaged that this document will become the definitive manual on 1 October 2015 and the various panel letters will then cease to have effect. The handbook was issued in April 2015 to advocates who are on the Legal Aid Panel and to the Law Society. Comments are welcomed prior to 31 August 2015 to enable any corrections or clarifications to be included in the final version. Since its issue, the Legal Aid Committee have issued two further documents, a policy on the procedure to be followed for removing an advocate from the panel, and a policy on mediation, both of which will be incorporated in the next edition of the handbook.
|2 July 2015 - 31 August 2015|
|Proposal to require suspicious transaction reports (STRs) to be made electronically||DHA||Draft Proceeds of Crime (Permitted Disclosures) Order 2015|
The proposed Order will set out the form and manner in which a report of a suspicious transaction (STR) must be made. The prescribed form and manner will be by electronic means. The Schedule to the draft Order, the details of which are set out in the downloadable letter below, sets out the information that a person/business making a suspicious transaction report (an STR) must address or provide when making such a report.
The consultation will be of primary interest to businesses and the Department is inviting views on the proposal before it is submitted to the October 2015 sitting of Tynwald for approval. It is proposed to implement the requirement for the electronic submission of STRs from 01 November 2015.
|23 June 2015 - 5 August 2015|
|Consultation on Isle of Man Government as a Single Legal Entity||Human Resources||Isle of Man Government as a Single Legal Entity|
As part of the Modernising Ministerial Government Report, approved by Tynwald in January 2014, Council of Ministers proposed that a review take place to consider the basis on which the Departmental system operated to determine whether it remained the most appropriate structure for the effective delivery of public services or whether an alternative approach was now required.
Following consideration of a report by Sir John Elvidge, KCB in November 2014 on the question of whether the Isle of Man should adopt Single Legal Entity status, Tynwald agreed that a full public consultation should take place.
The Cabinet Office therefore wishes to consult on a range of proposals in the report which considers whether Isle of Man Government should progress to Single Legal Entity status.
|16 June 2015 - 29 August 2015|