Financial Services & Regulation

32 FOI requests relate to this topic across 13 authorities. Full disclosure rate: 34.4%.

By Authority

By Year

Outcomes

Notable Cases (7)

[~] Coronavirus Regulations

2024-08-05 | Office of the Clerk of Tynwald | Some information sent but not all held

A request for specific dates, definitions, and procedural details regarding the Isle of Man's Coronavirus Regulations was partially refused because the Clerk of Tynwald does not hold the information or it is reasonably accessible elsewhere. The authority cited Section 20 and Section 11 exemptions, directing the requester to external resources like the Independent Covid Review Report and Tynwald's website.

• The Clerk of Tynwald does not hold information regarding the definitions of lockdowns or circuit breakers.
• Questions about specific dates and amendment procedures were refused under Section 20 as the information is reasonably accessible to the public.
• The authority applied a Section 11 research exemption for questions requiring the creation or analysis of information.

Data: 2024-08-05, 2024-09-02, 4035649, Section 20, Section 11

[+] Designated Business civil penalties charged

2022-05-10 | Isle of Man Financial Services Authority | All information sent

The request sought details on civil penalties charged under the Designated Business Act, including amounts, dates, and breached sections. The authority disclosed a breakdown of penalties imposed from 2019 to 2022, noting that most were £5,000 fines for unregistered business activity, with some mitigated or waived due to exceptional circumstances.

• Penalties were primarily imposed under Section 7 of the Designated Businesses (Registration and Oversight) Act 2015 for carrying on business without registration.
• The standard civil penalty amount is £5,000 per contravention.
• Between 2019 and 2022, a total of 12 penalties were recorded, with varying outcomes including full payment, mitigation, waiver, or appeal.

Data: 2019, 2020, 2021, 2022, £5,000

[+] 1975 Estate Agents Act :List of Registered Estate Agents

2021-01-29 | Office of Fair Trading | All information sent

A request was made for the 2020-21 Register of Estate Agents under the 1975 Estate Agents Act, citing a lack of recent publication by the Office of Fair Trading. The authority responded by disclosing the full list of registered agents, their qualifications, and business addresses.

• The Office of Fair Trading released the Estate Agents Register for 2020-21.
• The request was based on the 1975 Estate Agents Act requiring a public list of registered agents.
• The complainant noted that the last published register was in 2018 and publication was refused for 2020.

Data: 1975, 2018, 2020, 2020-21, 2021-01-29

[-] Entry Excemption Certificates

2020-05-18 | Cabinet Office | Some information sent but part exempt

The requester asked for statistics and copies of Entry Exemption Certificates issued under Regulation 6 between March and May 2020. The Cabinet Office responded with a partial disclosure, providing template documents and specific exemption certificates issued in May 2020, while withholding the total number of certificates issued.

• The request covered Entry Exemption Certificates granted under paragraph 6 of the Emergency Powers (Entry Restrictions) Regulations 2020.
• The response included exemption templates signed by the Chief Secretary and the Department of Health and Social Security.
• Holders of these certificates were required to self-isolate for 14 days upon entry to the Isle of Man.

Data: 27th March 2020, 13th May 2020, 5th May 2020, 18/05/2020, 01/06/2020

[-] FSA Board Members on the Beneficial Ownership register

2018-07-09 | Isle of Man Financial Services Authority | No information sent - all held but exempt

The requester asked if FSA Chair Lillian Boyle or former Chair Geoff Karran were beneficial owners of RL360 Holding Company Limited. The FSA confirmed neither held reportable investments in the company, though the specific beneficial ownership data was withheld as absolutely exempt under the Beneficial Ownership Act 2017.

• Lillian Boyle (current FSA Chair) does not hold any investment in RL360 Holding Company Limited exceeding the reporting threshold.
• Geoff Karran (former FSA Chair) did not hold any investment in RL360 Holding Company Limited exceeding the reporting threshold at the date of his retirement.
• No closely connected parties of either Boyle or Karran hold such investments in the company.

Data: 522934, 2018-07-09, 2018-07-19, 2018-07-18, £13k

[~] Workplace Compliance Solutions Ltd

2017-10-19 | Department of Environment, Food and Agriculture | Some information sent but not all held

The request sought the cost to the Department of Environment, Food and Agriculture for engaging Workplace Compliance Solutions Ltd, specifically regarding services for the meat plant. The department disclosed costs for a pre-assessment appraisal and SALSA training, noting that further BRC accreditation costs were paid directly by the meat plant.

• Workplace Compliance Solutions provided a pre-assessment appraisal for Isle of Man Meat's 2017 BRC accreditation at a cost of £1925.
• Any additional costs for BRC accreditation were paid by Isle of Man Meat, not the Department.
• The Department contracted Workplace Compliance Solutions to deliver SALSA training and pre-audit advice to nine food businesses.

Data: £1925, £2051, £2316.15, 2017-10-19, 2017-11-07

[~] Details of the legal liability insurance against claims made by members of the public

2017-03-15 | Cabinet Office | Information not held

The requester asked for details regarding legal liability insurance held by the Cabinet Office against public claims, but the authority refused the request stating the information is not held by them.

• The Cabinet Office does not hold the requested legal liability insurance information.
• The insurance information is held by the Treasury on behalf of all Isle of Man Government Departments.
• The request was refused under section 11(3)(a) of the Freedom of Information Act 2015.

Data: 2017-03-15, 2017-04-11, IM81194I, section 11(3)(a), section 3

Frequently Mentioned Data

• 2020 (mentioned 5 times)
• 2020-10-08 (mentioned 4 times)
• 0279 (mentioned 3 times)
• 1 document (mentioned 2 times)
• 2015 (mentioned 2 times)
• Regulation 6 (mentioned 2 times)
• 3 (mentioned 2 times)
• 2 (mentioned 2 times)
• 2024-07-05 (mentioned 2 times)
• section 15 (mentioned 2 times)

Exemptions Cited