Regulatory Alerts2021-10-28
Inspection Guidance for Firms
The Isle of Man Financial Services Authority issued this guidance to outline its risk-based inspection process for regulated firms. The document details the selection criteria, four-phase inspection workflow, and requirements for firms to submit remediation plans addressing identified observations. It establishes timelines for pre-inspection preparation, on-site fieldwork, report issuance, and subsequent supervisory monitoring of compliance.
Share