IOMFSA

The Isle of Man Financial Services Authority (IOMFSA) is a well-regulated and innovative finance center that plays a vital role in maintaining the Island's positive reputation. Established in 2015, the Authority was formed through the merger of the Financial Supervision Commission and the Insurance and Pensions Authority. The IOMFSA is driven by three main regulatory objectives: protecting consumers, reducing financial crime, and maintaining confidence in the financial services sector through effective regulation.

As a risk and impact-based regulator, the IOMFSA focuses its resources on activities that pose the greatest threats to its objectives. It adheres to international standards in oversight, supervision, and enforcement, allowing regulated entities to develop their businesses while safeguarding consumers' best interests. The IOMFSA's wide-ranging remit covers sectors such as anti-money laundering, banking, insurance, funds, investments, pensions, trust and corporate services, and money transmission services.

In addition to regulation and supervision, the Authority is involved in recognized auditor regimes, company officer disqualification, and oversight of the beneficial ownership register. It also serves as the Island's Resolution Authority, protecting customer deposits and the stability of the financial system in the event of a bank failure. With approximately 90 experienced staff members, the IOMFSA upholds its values of integrity, respect, and excellence.

The Authority's work is overseen by a Board appointed by the Treasury and approved by Tynwald. For more information about the IOMFSA and its regulatory objectives, please visit their website