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CAROL 3 Consultation Summary Responses 21 May 2007

The Commission is pleased to report on the outcome of the consultation on the Financial Services Bill 2007, which was circulated on 21st December 2006 (“CAROL 3”).

A summary of the queries and issues raised by licenceholders, associations and professional bodies and the Commission’s response is now available at http://www.gov.im/lib/docs/fsc/Consultative/carol3websitesummaryresponses18.pdf.

The Bill has now been finalised and we hope that it will have its First Reading in the Keys before the summer recess.

The Green Bill should be available from the Tynwald Library in the next few weeks but in the meantime, the final version of the Bill, as amended to reflect the CAROL 3 consultation, is attached to the summary as Appendix B.

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