ARTICLE · 02 MAY 2018

Legislation Update

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Central Registry Bill 2018: this will provide for the creation of a Central Registry, combining the registry and public records functions of the General Registry with the Companies Registry functions.

Isle of ManWealth Management

Robyn Wood

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Primary legislation

Central Registry Bill 2018: this will provide for the creation of a Central Registry, combining the registry and public records functions of the General Registry with the Companies Registry functions. The Bill had its third reading in the House of Keys on 27 March 2018.

Credit Unions (Amendment) Bill 2017: amends the Credit Unions Act 1993 (the 1993 Act) to impose a requirement for credit unions to be licensed by the Isle of Man Financial Services Authority (IOMFSA) and subject to regulation under the Financial Services Act 2008. The amendments will make the IOMFSA's regulatory framework to be implemented for credit unions as it is for various other financial services sectors, which will be implemented via secondary legislation.

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