The Isle of Man Communications Commission has published a response to its consultation on the review of competition in the island's telecommunications sector, which offers a number of remedies to highlighted competition problems in the Isle of Man.
The market review consultation identified and analysed retail telecommunications markets and their corresponding wholesale markets. Potential competition problems in the retail fixed markets, wholesale fixed markets, and mobile markets were found and regulatory remedies appropriate to each market have been proposed and published online.
According to the Commission, the preliminary conclusions of the Market Review, and the measures proposed, were well supported by respondents. The Commission has therefore publishing a Decision Notice, detailing the designations placed on licensees and the duties and responsibilities incumbent on them as a result, effective immediately.
Dr Carmel McLaughlin, Director of the Communications Commission, said: “We are pleased at the high level of agreement with the conclusions of the Market Review process. The market definitions, identifications of market power and remedies set out in the Decision Notice will bring the regulation of telecommunications up to date, provide more regulatory certainty, and help underpin the Isle of Man’s existing position as a desirable destination for business innovation and technological innovation.”
The Commission explained that the Market Review process is a key element in the establishment of a progressive framework for the regulation of electronic communications on the island, alongside proposed new legislation currently being formulated. "These elements will combine to give consumers, companies and investors a modern, flexible and responsive regulatory environment, increasing the Isle of Man’s competitive advantage in attracting global communications, and communications-based, businesses," it stated.
A comprehensive report in our Intelligence Report series examining the new possibilities that offshore e-commerce open up for business, and analysing the offshore jurisdictions that have led the way in offering professional e-commerce regimes for international business, with a particular focus on e-gaming, is available in the Lowtax Library at http://www.lowtaxlibrary.com/asp/subs_reports.asp and a description of the report can be seen at http://www.lowtaxlibrary.com/asp/description_report6.aspTags: law | business | telecoms | e-commerce | legislation | Isle of Man | regulation | commerce | legislation amendments | Isle of Man
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