Feedback is being invited on proposed updates to the fees payable to the Isle of Man Financial Services Authority for 2026/27.
The intention is to increase most existing fees by 2.9% in line with the island’s rate of inflation as measured by the Consumer Prices Index.
The Authority is also proposing a limited number of sector-specific changes, while further amendments are aimed at rebalancing the fee structure for designated non-financial businesses and professions (DNFBPs), as part of plans to enhance proportionality for smaller firms.
Fees
Fees that would be payable from April 1, 2026 by firms regulated or overseen by the Authority are set out in a consultation document.
The transition has been implemented over the past three years, with phased increases to annual fees being applied to move the Authority towards a predominantly industry-funded model.
The increase to fees in line with inflation for 2026/27 is intended to support the Authority’s ongoing work to meet the needs of a dynamic industry, while maintaining a lower level of government subvention.
Views Sought
Views are also being sought on consolidating a number of different Fees Orders and Regulations into one Isle of Man Financial Services Authority (Fees) Order 2026 and including a mechanism to increase all fees by CPI inflation in future years.
Consultation responses can be submitted by email to Policy@iomfsa.im or in writing to Laura Muscutt, Manager – Policy & Risk, IOM Financial Services Authority, PO Box 58, Finch Hill House, Bucks Road, Douglas, IM99 1DT.
The closing date for responses is Thursday, December 18.
