Regulatory Alerts2017-10-05
Isle of Man Financial Services Authority Guidance Note for Deposit Takers on Quarterly Prudential Returns
The Isle of Man Financial Services Authority issued this guidance note to Class 1(1) and Class 1(2) deposit takers regarding the preparation and submission of quarterly prudential returns. The document specifies the required electronic reporting forms, such as SR-1A through SR-5C, and mandates submission within one month of the reporting date for March, June, September, and December. It further details technical requirements including sterling currency conversion, rounding conventions, netting rules, and definitions for connected parties and risk weightings based on Basel II principles.
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