Regulations

The Financial Supervision Commission

The Commission began operating in December 1983 and is an independent statutory body established by Tynwald under the general direction of the Treasury.

The Commission's mission statement is: "to protect the public interest by providing effective regulation and supervision within the Island's financial services sector to support a competitive environment in which quality products and services are promoted for the economic benefit of the Island, and to foster good working relationships within the business community".

The regulatory and supervisory role of the Commission extends to the banking, investments, funds and fiduciary service provider sectors as well as holding the Isle of Man Companies Registry.

In common with many other supervisory authorities, the FSC lays great stress on capital and management as the cornerstones of any financial business and a sound basis for the confidence of its customers. The FSC therefore requires a minimum capitalisation which varies according to the nature of the business. The directors and senior management are also vetted to ensure that they are "fit and proper" persons.

For further information, please visit the Financial Supervision Commission's website: www.fsc.gov.im.