Regulatory Alerts2024-01-01
Bank (Recovery and Resolution) Administrative Levy Order 2024
The Isle of Man Financial Services Authority issued this Order under the Bank (Recovery and Resolution) Act 2020 to impose an administrative levy on licensed banks. Each applicable bank must pay £9,464.56 to cover the Authority's operational costs for the year ending 31 March 2024. The payment is due by 31 October 2024, and this Order revokes the corresponding levy orders from 2022 and 2023.
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