Isle of Man Government Crest

Isle of Man Public Services

current Consultations

Click on the title of a consultation to view further information.

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TopicAgencyTitleConsultation Period
CP15-06 QIS2 Exercise for Long Term Insurers I.P.ACP15-06 QIS2 Exercise for Long Term Insurers

This paper sets out the timescales for the QI2 exercise for life insurers and reinsurers, describes changes to the Standard Formula being tested in QIS2 compared with that for QIS1, and provides additional guidance on some aspects of the calculation in order to promote consistency of approach across respondents.

A technical specification is also attached, together with a set of risk free curves for the currencies set out in the technical specification (as at 31/12/14 and 31/3/15). Respondents should take care to use the relevant dated yield curves.

A set of 6 results templates is provided for population by life insurers with the results of their QIS2 calculations.

A questionnaire is included which insurers are requested to complete and return together with their results.

2 October 2015 - 31 March 2016
Amendments to Access and Eligibility Criteria for Older Persons' Housing in the Public Sector InfrastructureAmendments to Access and Eligibility Criteria for Older Persons' Housing in the Public Sector

The Department is seeking feedback on proposals aimed at promoting greater fairness in the allocation of public sector accommodation for older people in the Isle of Man.

The revised process would result in a broader initial assessment of eligibility for entry onto the waiting list, with allocation being prioritised on the basis of income and assets, as well as health and wellbeing.

The intention is to introduce a points-based system to determine an older person's priority for allocation in line with that used for the general public sector housing stock.

30 September 2015 - 11 November 2015
CP15-05 Insurance (Amendment) Bill 2016I.P.ACP15-05 Insurance (Amendment) Bill 2016

This consultation paper sets out proposed amendments to the Insurance Act 2008 which are needed to take account of developments in international insurance regulatory standards. The paper includes an explanation of the proposed amendments as well as a copy of the Insurance (Amendment) Bill 2016 and a marked up version of the Insurance Act to illustrate the changes.

30 September 2015 - 11 November 2015
CrowdfundingF.S.CSecond consultation on crowdfunding – incorporating summary of responses to first consultation

The Financial Supervision Commission (“the Commission”) has today issued a second consultation document on crowdfunding which includes —

• a brief summary of the responses to the first consultation;
• details of the planned regulated activity;
• which rules contained in the Financial Services Rule Book 2013 would apply; and
• an indication of the nature of specific new rules anticipated for crowdfunding activity.

The closing date for comments is 9 November 2015.

The first consultation (Consultation on a potential new regulated activity encompassing both equity and loan crowdfunding) was open from 16 April to 12 June 2015.

28 September 2015 - 9 November 2015
Consultation on Ferry ServicesInfrastructureConsultation on Ferry Services

The Department of Infrastructure is seeking views from the public on their consideration regarding ferry services, past and future.

28 September 2015 - 9 November 2015
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