The Authority was established by the Transfer of Functions (Isle of Man Financial Services Authority) Order 2015, which was approved by Tynwald in March 2015, with the main provisions of the order coming into force on 1 November 2015. As well as establishing the Authority, the order transfers the functions of the Financial Supervision Commission and the Insurance and Pensions Authority to the Authority.
The regulatory objectives of the Authority are:
1. securing an appropriate degree of protection for policyholders, members of retirement benefits schemes and the customers of persons carrying on a regulated activity;
2. the reduction of financial crime; and
3. the maintenance of confidence in the Island’s financial services, insurance and pensions industries through effective regulation, thereby supporting the Island’s economy and its development as an international financial centre.
For more information visit www.iomfsa.im
Overview
Mentions in press and media 2
| Date | Title | Description |
| Sign up to see | Sign up to see | Sign up to see |
| Jul 15, 2024 | Open Payment Technologies Launches Digital Wallet App Kuady | This week, Open Payment Technologies launched Kuady, a digital wallet app. Designed to accelerate financial inclusion and transform how merchants and users manage their money, Kuady launched in Peru and Chile – giving global organizations a... |
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FAQ about IOMFSA
When was IOMFSA founded?
IOMFSA was founded in 2015.
What has the press written about IOMFSA?
Parsers VC has collected 2 articles mentioning IOMFSA, among them “Open Payment Technologies Launches Digital Wallet App Kuady” (Jul 15, 2024).
Is IOMFSA still active?
Yes, IOMFSA is active; its latest activity on Parsers VC dates from Jan 28, 2026.