IoM extends Code of Practice consultation period

The Isle of Man Financial Services Authority has extended by three weeks the deadline for those wishing to comment on its proposed Corporate Governance Code of Practice for the island’s insurance industry.

The consultation had been due to close on 27 October, but comments will now be taken until 17 November, the IOMFSA said in a statement on its website today.

As reported,  the consultation opened in August, seeking industry opinion on a 43-page paper that sets out the authority’s plans for amending the Isle of Man’s existing regulatory framework for the insurance sector, sometimes referred to as “the Roadmap”. The draft document containing the new Conduct of Business Code was first published in May.

To see the statement extending the deadline for the consultation period, which contains a link to the consultation paper in question, click here. 

ABOUT THE AUTHOR
Ridhima Sharma
Ridhima Sharma is Correspondent for InternationaInvestment. She speaks German and is also DACH Correspondent for InvestmentEurope. She has more than 8 years of experience in the media industry. Before joining us, she was working in India and covering automotive and lifestyle sectors. Over the years many of her stories have been published in various magazines across India.

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