Regulatory Alerts2017-01-01
Insurance (Amendment) Act 2017 (Appointed Day) (No.2) Order 2018
The Isle of Man Financial Services Authority issued this Order to appoint specific commencement dates for provisions of the Insurance (Amendment) Act 2017. It brings key capital requirements and solvency duties into force on 31 May 2018 and 30 June 2018, primarily applying to long-term business carried on by insurers. The Order further schedules the commencement of group supervision provisions and various regulatory amendments for long-term business on 30 November 2018 and 1 January 2019.
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