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Consultation on proposals for civil penalties 30 September 2005

    The Financial Supervision Commission has issued a consultation document today (16 pages total) concerning its proposals for the introduction of civil (financial) penalties. We would be pleased to receive the views of all interested parties on the contents of this document, which may be found at www.fsc.gov.im/ Library/ Consultative Documents http://www.fsc.gov.im/doclibrary/condocs.xml, entitled "Consultation on proposals for civil penalties". The proposals affect all the Commission's licenceholders. The consultation period runs until 25th November 2005.

    In case of any queries, please contact:

    Susan Woolard - Adviser, Policy and Legal Unit

    30th September 2005

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