Further information on Note 18 of the FSA 2024 Accounts

Summary

The request sought confirmation that Note 18 of the FSA 2024 Accounts referred solely to Montpelier (Trust and Corporate) Services Limited and asked for the court appointment date of Grant Thornton Limited. The FSA confirmed the reference was solely to Montpelier but withheld the specific appointment date, citing that the information is already publicly accessible on their website.

Key Facts

• Note 18 of the FSA 2024 Accounts refers solely to liquidation work for Montpelier (Trust and Corporate) Services Limited.
• Grant Thornton Limited was appointed by the Isle of Man Courts to undertake this liquidation work.
• The FSA refused to provide the specific court appointment date in the response letter.
• The refusal was based on Section 20 of the Act, as the information is reasonably accessible to the public.
• Details regarding the appointment date are available on the FSA website under a specific winding-up order notice.

Data Disclosed

• 4674149
• 2025-05-20
• 2025-05-29
• 31st March 2024
• Section 20
• IM99 1DT
• +44 (0)1624 646000

Exemptions Cited

• Section 20 of the Freedom of Information Act 2015 (Information reasonably accessible)

Original Request

Note 18 of the annual audited accounts of the Financial Services Authority to 31st March 2024 states that Grant Thornton Limited, under appointment by the Isle of Man Courts, is currently undertaking liquidation work where the Authority has exercised its power to apply for "winding-up in the public interest". Can you please confirm: 1. Is this reference to liquidation work solely or partly in relation to Montpelier (Trust and Corporate) Services Limited (in liquidation); 2. When the court appointed Grant Thornton Limited

Data Tables (1)

Full Response Text

Isle of Man Financial Services Authority PO Box 58, Finch Hill House, Bucks Road, Douglas, Isle of Man, IM99 1DT Tel: +44 (0)1624 646000 Website: www.iomfsa.im

Our ref: 4674149 29 May 2025

Dear ###

We write further to your request, received 20 May 2025, which states:

"Note 18 of the annual audited accounts of the Financial Services Authority to 31st March 2024 states that Grant Thornton Limited, under appointment by the Isle of Man Courts, is currently undertaking liquidation work where the Authority has exercised its power to apply for "winding-up in the public interest".

Can you please confirm:

1. Is this reference to liquidation work solely or partly in relation to Montpelier (Trust and Corporate) Services Limited (in liquidation);
2. When the court appointed Grant Thornton Limited"

Our response to your request is as follows: I have detailed below the information.

1. Is this reference to liquidation work solely or partly in relation to Montpelier (Trust and Corporate) Services Limited (in liquidation);
   This is a reference to liquidation work solely in relation to Montpelier (Trust and Corporate) Services Limited.

2. When the Court appointed Grant Thornton Limited.

While our aim is to provide information whenever possible, under section 20 of the Act, we are not required to provide information in response to a request if it is already reasonably accessible to you, whether free of charge or on payment of a fee. All of the information that you have requested is publicly available where it relates to this second question. Details of the appointment of the joint liquidators of Montpelier (Trust & Corporate) Services Limited, including the date of appointment of the same can be found on the Isle of Man Financial Services Authority's Website using the following link –
Court issues winding-up order in respect of Montpelier (Trust & Corporate) Services Limited (“Montpelier”)

Please quote the reference number 4674149 in any future communications.

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An electronic version of our complaint form can be found by going to our website at https://services.gov.im/freedom-of-information/Review . If you would like a paper version of our complaint form to be sent to you by post, please contact me and I will be happy to arrange for this. Your review request should explain why you are dissatisfied with this response, and should be made as soon as practicable. We will respond as soon as the review has been concluded.

If you are not satisfied with the result of the review, you then have the right to appeal to the Information Commissioner for a decision on; 1. Whether we have responded to your request for information in accordance with Part 2 of the Freedom of Information Act 2015; or 2. Whether we are justified in refusing to give you the information requested.
In response to an application for review, the Information Commissioner may, at any time, attempt to resolve a matter by negotiation, conciliation, mediation or another form of alternative dispute resolution and will have regard to any outcome of this in making any subsequent decision. More detailed information on your right to a review can be found on the Information Commissioner’s website at www.inforights.im. Should you have any queries concerning this letter, please do not hesitate to contact me. Further information about freedom of information requests can be found at www.gov.im/foi.

I will now close your request as of this date.