Aggregated News From Investment Management Regulators

Consultation on a proposal to increase the limit for savings (members’ holdings of ordinary shares) in credit unions

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The Authority has today issued a consultation paper on a proposal to increase the limit for savings (members’ holdings of ordinary shares) in credit unions.

The consultation will be of particular interest to the Island’s existing credit union, its members, and parties that may wish to establish or offer services to credit unions in the Isle of Man.

The closing date for comments is 13 September 2020.

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Regulator Information

Abbreviation: IOMFSA
Jurisdiction: Isle of Man

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