Consultations

Consultation on Proposed Changes to the Moneylenders Act 1991

The Treasury is inviting comments on proposed Amendments to the Moneylenders Act 1991.

The consultation seeks views on the proposal to widen the scope of exemptions currently available under the Moneylenders Act 1991.

The Consultation Paper and the draft Moneylenders (Amendment) Act 20120can be found on the Treasury and Office of Fair Trading websites at

http://www.gov.im/treasury/ConsultationDetail.gov?id=305 and http://www.gov.im/oft/ConsultationDetail.gov?id=306.

The consultation starts on Friday 9 March 2012 and ends on Monday 23 April 2012.

Responses should be sent in writing or by email to:
Miss Gillian Prestwich
Policy Adviser – Corporate Strategy Division
The Treasury
Isle of Man Government
Government Offices
Bucks Road
Douglas
Isle of Man
IM1 3PX

Email:  Treasuryconsultations@gov.im or Gillian.Prestwich@treasury.gov.im
Tel:     (01624) 687067

Closed 14 October 2011: Further Consultation on the Draft Foundations (Continuance) Regulations and Draft Foundations (Winding Up) Regulations

The initial consultation period on the Draft Foundations (Continuance) Regulations and Draft Foundations (Winding up) Regulations (“the Regulations”) ran from 16 September 2011 to 14 October 2011. The current draft of the Regulations reflects some of the comments raised during the initial consultation. Further comments are being sought during an additional limited two week consultation period.

The revised versions of the Regulations can be found on the Treasury and Companies Registry websites at

The Consultation Paper and initial draft Regulations can be found on the Treasury and Companies Registry websites at

Gillian Prestwich BA ACIS MCSI TEP
Policy Adviser
Corporate Strategy Division
Treasury
Government Offices
Bucks Road
Douglas
Isle of Man
IM1 3PX

tel: 01624 687067
email: Gillian.Prestwich@treasury.gov.im

Consultation on the Proposed Amendment to Accounting Requirements for Limited Partnerships

Consultation on the Proposed Amendment to the Accounting Requirements for Limited Partnerships (with and without separate legal personality) formed under the Partnership Act 1909.

The Treasury is inviting comments on the proposal to amend the accounting requirements of limited partnerships to address a recommendation of the OECD.

The Consultation Paper and draft Partnership (Amendment) Bill 2011 can be found on the Treasury and Companies Registry websites at:

Treasury Consultations
Corporate Strategy Division
Treasury
Goverment Offices
Bucks Road
Douglas
Isle of Man
IM1 3PX

tel: 01624 687067
email: treasuryconsultations@gov.im

Closed 14 October 2011: The Foundations Bill 2010

The Foundations Bill 2010 (“the Bill”) is currently awaiting Royal Assent. It remains the intention of the Treasury and the Department of Economic Development to bring the Bill into operation at the earliest opportunity following the granting of Royal Assent.

The Treasury is inviting comments on the proposed Foundations (Continuance) Regulations 20XX and the Foundations (Winding Up) Regulations 20XX (“the Regulations”).

The Consultation Paper and draft Regulations can be found on the Treasury and Companies Registry websites at http://www.gov.im/treasury/ConsultationDetail.gov?id=264 and

http://www.gov.im/ded/ConsultationDetail.gov?id=265

In order to ensure that the legislation can be brought into effect as soon as Royal Assent has been granted, the consultation period that has been allowed for comment on these Regulations is slightly shorter than the customary six weeks. The consultation will start on 16 September 2011 and end on 14 October 2011.

Late submissions will be accepted subject to Royal Assent not being granted in time for the Bill and Regulations to be put to the November sitting of Tynwald.

Responses should be sent in writing or by email to:

Miss Gillian Prestwich
Policy Adviser – Corporate Strategy Division
The Treasury
Isle of Man Government
Government Offices
Bucks Road
Douglas
Isle of Man
IM1 3PX

Email: Treasuryconsultations@gov.im or Gillian.Prestwich@treasury.gov.im
Tel: (01624) 687067