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CAROL 4 – Consultation on the Financial Resources and Audit Requirements Chapters of the Rule Book 16 April 2007

The fourth CAROL consultation on the Financial Resources (Appendix A) and Audit Requirements (Appendix C) Chapters of the Rule Book has been published today. The deadline for consultation on CAROL 4 has been extended to 10 weeks to take into account the fact that the TT races fall within the consultation period. The Commission welcomes responses on any aspect of this consultation and would be grateful if comments could be submitted before 22nd June 2007.

Persons wishing to comment on this consultation are advised to focus their attention initially on the RoadMaps contained at Appendices B and D, which are included with the consultation paper. The RoadMaps identify the existing legislation and its new location in the Rule Book and, more importantly, highlight those areas of change to the existing legislation which may impact on licenceholders.

The consultative paper and its Appendices can be found on the Commission’s website at http://www.gov.im/lib/docs/fsc/Consultative/carol4consultationpaper.pdf

Enquiries:

Mrs Shirley E Corlett
Senior Adviser
Policy & Legal Unit
Financial Supervision Commission
P O Box 58
Finch Hill House
Bucks Road
Isle of Man IM99 1DT
Direct Line: 01624 689323

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