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Progress of the Financial Services Bill 2008 and the Collective Investment Schemes Bill 2008 22 April 2008

The Commission is pleased to announce that the Financial Services Bill and Collective Investment Schemes Bill have today completed their scrutiny in the Manx Parliament. The Bills have been submitted for Royal Assent and it is planned that they will be brought into force soon after Royal Assent is given.

John Aspden commented “I am delighted that these important pieces of legislation are progressing well. The Bills will provide a modern platform for a successful and well regulated financial services industry, and we thank licenceholders and practitioners for their assistance with the proposals”.

Enquiries:

Mrs Roxanne Oldham or Claire Whitelegg
Policy & Legal Division
Financial Supervision Commission
P O Box 58
Finch Hill House
Bucks Road
Isle of Man
IM99 1DT

Direct Line: 01624 689334/689332

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