IoM Government Publishes Industry Comments On CAROL Project
Details of the comments received from industry in relation to the second consultation
on the Regulated Activities Order and Exemption Regulations were published
on Monday.
In addition, the Financial Supervision Commission announced that it has published for information the entire Financial
Services Rule Book, including the provision for Anti-money Laundering and Countering
the Financing of Terrorism (Part 9), together with details of those amendments
which have been made as the individual parts have been brought together into
one Rule Book. The Rule Book also includes Interpretation at Schedule 1.1, according to the Commission. As this part of the Rule Book has not been consulted upon previously, any comments
on this Schedule would be welcome, it added. However, as the definitions contained in the Schedule are, in the main, the
current definitions, and any new or amended definitions have been highlighted
in the RoadMap which accompanies the Rule Book, the consultation period will
be short. The FSC therefore concluded by announcing that: "The Commission would be grateful if any comments on the definitions could be
submitted before 6th May 2008. .
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