309:
819:
181:
79:
38:
623:
Its remit was to authorise and supervise those businesses carrying on these activities, either in or from the Island. It also oversaw general insurance brokers. (Those brokers advising on or arranging "long term insurance", for example, life policies which offer investment benefits, were supervised
759:
In addition the IPA oversaw implementation of the Anti Money
Laundering Standards, secondary legislation which sets out how businesses regulated by it must conduct themselves in order to prevent their being used by money launderers or for terrorist finance.
614:
It was first established as the
Insurance Authority in 1986. In 1997, its remit was expanded to include oversight of businesses providing pensions and similar products, and it was renamed the Insurance and Pensions Authority.
631:
In addition the IPA administered the Isle of Man's compensation scheme, which is intended to provide protection for policyholders if a life assurance company should be unable to meet its liabilities.
17:
434:
565:
736:
To maintain a cost-effective support system which, appropriate to needs, is sufficient to support the regulatory and other responsibilities of the authority
884:
667:
100:
93:
198:
51:
245:
143:
217:
115:
519:
224:
122:
603:
558:
860:
594:
was the statutory body responsible for the regulation and supervision of pensions and insurance businesses operated in or from the
231:
129:
361:
879:
509:
429:
334:
538:
213:
111:
57:
551:
487:
339:
475:
776:
366:
282:
264:
162:
65:
625:
599:
385:
202:
395:
238:
136:
889:
853:
514:
504:
499:
482:
456:
380:
834:
894:
299:
899:
524:
390:
733:
To maintain high standards in the authorisation, supervision and good conduct of insurance business
846:
739:
Without compromising regulatory impartiality, to safeguard the
Authority's and the Island's image
411:
191:
89:
356:
492:
439:
417:
727:
To ensure that the
Authority's policies are up to date and implemented in a timely fashion
8:
646:
652:
308:
640:
422:
708:
Prevent and deter the Isle of Man being used for the purposes of financial crime
830:
658:
461:
407:
349:
730:
To resource the
Authority with staff of high quality, integrity and experience
873:
696:
The IPA exists to maintain and develop an effective regulatory framework for
583:
468:
451:
371:
322:
818:
780:
826:
595:
327:
748:
The primary legislation from which the IPA derived its powers included:
180:
78:
402:
697:
27:
Former Isle of Man insurance and pensions regulatory authority
804:
714:
Ensure a flourishing environment for Isle of Man business
661:
711:
Preserve the international reputation of the Isle of Man
624:
by the island's other financial services regulator, the
205:. Unsourced material may be challenged and removed.
871:
18:Insurance and Pensions Authority (Isle of Man)
854:
559:
692:The IPA's mission statement is as follows:
66:Learn how and when to remove these messages
885:Financial regulation in the United Kingdom
861:
847:
566:
552:
283:Learn how and when to remove this message
265:Learn how and when to remove this message
163:Learn how and when to remove this message
755:The Retirement Benefits Schemes Act 2000
14:
872:
99:Please improve this article by adding
813:
687:
203:adding citations to reliable sources
174:
72:
31:
743:
674:
598:. In 2015, the IPA merged with the
588:Lught-reill Urryssaght as Penshynyn
24:
700:and pension business which will:-
214:"Insurance and Pensions Authority"
112:"Insurance and Pensions Authority"
25:
911:
798:
47:This article has multiple issues.
817:
626:Financial Supervision Commission
600:Financial Supervision Commission
580:Insurance and Pensions Authority
307:
179:
77:
36:
190:needs additional citations for
55:or discuss these issues on the
769:
705:Provide security for investors
13:
1:
880:Government of the Isle of Man
763:
718:
510:Legislative Council elections
101:secondary or tertiary sources
833:. You can help Knowledge by
604:Financial Services Authority
7:
680:Dr Bill Hastings, 1987–2001
634:
300:Politics of the Isle of Man
10:
916:
812:
609:
777:"Official IOMFSA website"
618:
825:This article about the
505:House of Keys elections
805:http://www.gov.im/IPA/
752:The Insurance Act 1986
587:
357:Isle of Man Government
88:relies excessively on
683:David Vick, 2002–2015
890:Insurance regulation
723:Its objectives are:
440:President of Tynwald
418:President of Tynwald
362:Council of Ministers
199:improve this article
783:on 20 December 2016
515:Keys constituencies
430:Legislative Council
335:Lieutenant governor
895:Pension regulation
649:FCA MHK, 1987-1988
602:(FSC) to form the
525:Last Keys election
476:Officials of state
900:Isle of Man stubs
842:
841:
688:Mission statement
668:Peter Pell-Hilley
576:
575:
520:Political parties
414:
293:
292:
285:
275:
274:
267:
249:
173:
172:
165:
147:
70:
16:(Redirected from
907:
863:
856:
849:
821:
814:
793:
792:
790:
788:
779:. Archived from
773:
744:Legislative base
675:Chief Executives
653:Norman Radcliffe
568:
561:
554:
488:Local government
410:
386:Statutory Boards
346:Deputy governor
311:
295:
294:
288:
281:
270:
263:
259:
256:
250:
248:
207:
183:
175:
168:
161:
157:
154:
148:
146:
105:
81:
73:
62:
40:
39:
32:
21:
915:
914:
910:
909:
908:
906:
905:
904:
870:
869:
868:
867:
810:
801:
796:
786:
784:
775:
774:
770:
766:
746:
721:
690:
677:
641:Clare Christian
637:
621:
612:
572:
543:
539:Other countries
493:Parish captains
423:Laurence Skelly
302:
289:
278:
277:
276:
271:
260:
254:
251:
208:
206:
196:
184:
169:
158:
152:
149:
106:
104:
98:
94:primary sources
82:
41:
37:
28:
23:
22:
15:
12:
11:
5:
913:
903:
902:
897:
892:
887:
882:
866:
865:
858:
851:
843:
840:
839:
822:
808:
807:
800:
799:External links
797:
795:
794:
767:
765:
762:
757:
756:
753:
745:
742:
741:
740:
737:
734:
731:
728:
720:
717:
716:
715:
712:
709:
706:
689:
686:
685:
684:
681:
676:
673:
672:
671:
665:
659:Donald Gelling
656:
655:MLC, 1988-2002
650:
644:
643:MHK, 1986-1987
636:
633:
620:
617:
611:
608:
574:
573:
571:
570:
563:
556:
548:
545:
544:
542:
541:
535:
532:
531:
530:
529:
528:
527:
522:
517:
512:
507:
497:
496:
495:
485:
480:
479:
478:
473:
472:
471:
469:Members (MHKs)
466:
465:
464:
462:Juan Watterson
449:
448:
447:
446:
445:
427:
426:
425:
415:
408:Act of Tynwald
400:
399:
398:
396:Other Agencies
393:
388:
383:
378:
377:
376:
375:
374:
367:Chief minister
354:
353:
352:
350:Andrew Corlett
344:
343:
342:
332:
331:
330:
317:
316:
313:
312:
304:
303:
298:
291:
290:
273:
272:
187:
185:
178:
171:
170:
85:
83:
76:
71:
45:
44:
42:
35:
26:
9:
6:
4:
3:
2:
912:
901:
898:
896:
893:
891:
888:
886:
883:
881:
878:
877:
875:
864:
859:
857:
852:
850:
845:
844:
838:
836:
832:
828:
823:
820:
816:
815:
811:
806:
803:
802:
782:
778:
772:
768:
761:
754:
751:
750:
749:
738:
735:
732:
729:
726:
725:
724:
713:
710:
707:
704:
703:
702:
701:
699:
693:
682:
679:
678:
669:
666:
663:
660:
657:
654:
651:
648:
645:
642:
639:
638:
632:
629:
627:
616:
607:
605:
601:
597:
593:
589:
585:
581:
569:
564:
562:
557:
555:
550:
549:
547:
546:
540:
537:
536:
534:
533:
526:
523:
521:
518:
516:
513:
511:
508:
506:
503:
502:
501:
498:
494:
491:
490:
489:
486:
484:
481:
477:
474:
470:
467:
463:
460:
459:
458:
455:
454:
453:
452:House of Keys
450:
444:
441:
438:
437:
436:
433:
432:
431:
428:
424:
421:
420:
419:
416:
413:
409:
406:
405:
404:
401:
397:
394:
392:
389:
387:
384:
382:
379:
373:
372:Alfred Cannan
370:
369:
368:
365:
364:
363:
360:
359:
358:
355:
351:
348:
347:
345:
341:
338:
337:
336:
333:
329:
326:
325:
324:
321:
320:
319:
318:
315:
314:
310:
306:
305:
301:
297:
296:
287:
284:
269:
266:
258:
247:
244:
240:
237:
233:
230:
226:
223:
219:
216: –
215:
211:
210:Find sources:
204:
200:
194:
193:
188:This article
186:
182:
177:
176:
167:
164:
156:
145:
142:
138:
135:
131:
128:
124:
121:
117:
114: –
113:
109:
108:Find sources:
102:
96:
95:
91:
86:This article
84:
80:
75:
74:
69:
67:
60:
59:
54:
53:
48:
43:
34:
33:
30:
19:
835:expanding it
824:
809:
785:. Retrieved
781:the original
771:
758:
747:
722:
695:
694:
691:
630:
622:
613:
591:
579:
577:
442:
340:John Lorimer
323:Lord of Mann
279:
261:
255:January 2018
252:
242:
235:
228:
221:
209:
197:Please help
192:verification
189:
159:
153:January 2018
150:
140:
133:
126:
119:
107:
87:
63:
56:
50:
49:Please help
46:
29:
827:Isle of Man
787:12 December
670:, 2012-2015
664:, 2002-2012
596:Isle of Man
381:Departments
328:Charles III
874:Categories
764:References
719:Objectives
606:(IOMFSA).
443:ex officio
225:newspapers
123:newspapers
90:references
52:improve it
698:insurance
500:Elections
483:Judiciary
435:President
58:talk page
647:Jim Cain
635:Chairmen
610:History
457:Speaker
403:Tynwald
391:Offices
239:scholar
137:scholar
241:
234:
227:
220:
212:
139:
132:
125:
118:
110:
829:is a
619:Remit
590:) or
246:JSTOR
232:books
144:JSTOR
130:books
831:stub
789:2016
584:Manx
578:The
412:List
218:news
116:news
662:CBE
628:).
592:IPA
201:by
92:to
876::
586::
103:.
61:.
862:e
855:t
848:v
837:.
791:.
582:(
567:e
560:t
553:v
286:)
280:(
268:)
262:(
257:)
253:(
243:·
236:·
229:·
222:·
195:.
166:)
160:(
155:)
151:(
141:·
134:·
127:·
120:·
97:.
68:)
64:(
20:)
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
