Regulatory Alerts2018-08-15
Financial Services Rule Book 2016 – Consent and Notification Summary Table
The Isle of Man Financial Services Authority issued this summary table to outline the specific obligations for licensees under the Financial Services Rule Book 2016 regarding consent and notification requirements. The document details the events triggering mandatory communications, such as changes in ownership, financial breaches, and operational shifts, specifying whether prior consent or immediate notification is required. It further defines the precise timing for these communications, ranging from same-day alerts for critical incidents to 20-business-day advance notices for structural changes.
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