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IoM Regulator Confirms Fee Hikes

by Amanda Banks, Lowtax.net, London
06 February, 2018

The Isle of Man Financial Services Authority has announced it will proceed with regulatory fee increases from April 1, 2018.

The fee rises were the subject of a consultation paper released on November 17, 2017, in which the Authority sought feedback on its plan to increase fees for authorized life insurers by 15 percent, and to increase all other regulatory fees by 3.3 percent, in line with consumer price index movement.

Fees are charged on a per-entity basis.

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