Publication of Updated Enforcement Decision-Making Process

The Isle of Man Financial Services Authority has published an updated version of its Enforcement Decision-Making Process (EDMP).

A high-level review of the EDMP was conducted as part of the Authority’s commitment to transparency, collaboration and continuous improvement. Feedback from internal and external stakeholders has informed some minor amendments aimed at enhancing the clarity of the document.

The revised EDMP, which can be viewed online, sets out the steps to be followed by the Authority when exercising its statutory powers in relation to specific enforcement actions. It includes a table of sanctions that may be pursued by the Authority where it is considered proportionate, reasonable and appropriate to do so.

The EDMP, which is effective from 1 August 2025, supports the Authority’s objectives of reducing financial crime, protecting consumers and maintaining confidence in the Island’s finance sector through effective regulation.