On 4 January 2022 the IOMFSA published changes to its licencing policy for regulated activities under the Financial Services Act 2008 stating the changes apply to existing licence holders as well as applicants.
These changes were made without consultation and have potential to have a significant impact on smaller licence holders.
Rowany Solutions have created a simple reference guide for entities in the regulated sectors which summarises the changes made and provides an overview of the potential impact.
Find the IOMFSA’s press release here.
