DOCSLIB.ORG

REPORT of PROCEEDINGS of TYNWALD COURT Douglas, Monday, 15Th October 2001 at 10.30 A.M. Present: the President of Tynwald (Hon N Q Cringle)

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
REPORT of PROCEEDINGS of TYNWALD COURT Douglas, Monday, 15Th October 2001 at 10.30 A.M. Present: the President of Tynwald (Hon N Q Cringle) REPORT OF PROCEEDINGS OF TYNWALD COURT Douglas, Monday, 15th October 2001 at 10.30 a.m. Present: The President of Tynwald (Hon N Q Cringle). In the Council: The Lord Bishop (the Rt Rev Noël Debroy Jones), the Attorney-General (Mr W J H Corlett QC), Hon Mrs C M Christian, Messrs J R Kniveton, E G Lowey, Dr E J Mann, Messrs J N Radcliffe and G H Waft, with Mr T A Bawden, Clerk of the Council. In the Keys: The Speaker (Hon J D Q Cannan) (Michael); Mr L I Singer and Hon A R Bell (Ramsey); Mr R E Quine OBE (Ayre); Mrs H Hannan (Peel); Hon W A Gilbey (Glenfaba); Hon S C Rodan (Garff); Hon D North (Middle); Mr P Karran, Hon R K Corkill and Mr G T Cannell (Onchan); Messrs J R Houghton and R W Henderson (Douglas North); Mr A C Duggan (Douglas South); Mr R P Braidwood and Mrs B J Cannell (Douglas East); Mr J P Shimmin and Hon A F Downie (Douglas West); Hon J A Brown (Castletown); Hon D J Gelling (Malew and Santon); Sir Miles Walker CBE LLD (hc), Mrs P M Crowe and Mr J Rimington (Rushen); with Mr M Cornwell-Kelly, Clerk of Tynwald. The Lord Bishop took the prayers. Apologies for Absence The President: Hon. members, we have apologies for absence from the hon. member of Council, Mr Delaney, who I can report is doing well, although still indisposed; Mr Crowe, the hon. member of the Legislative Council, who is attending a parliamentary seminar; and the hon. member for Douglas South, Mr Cretney, who is absent from today’s sitting on a family matter. Hon. members, the hon. member of Council, Mr Radcliffe, will be joining us later. Those are the apologies, hon. members. Welcome to New Clerk of Tynwald The President: This morning on your behalf I welcome alongside Mr Speaker our new Clerk, Malachy Cornwell-Kelly. Members: Hear, hear. Procedural The President: Now, hon. members, I am sure you are aware that we have commenced our sitting this month a day early to allow ourselves time to complete our order paper. However, it is still a lengthy paper which includes several contentious items, and I am sure that members would be grateful if we tried to keep our speeches short and to the point. Hon. members, I have also received this morning a petition with over 4,500 signatures on. The petition, hon. members, is relevant to item 11 on the order paper and I will see to it that it is placed on the table in the Members’ Room so that it is readily available to all members for their perusal. Bills for Signature The President: We have six Bills for signature, hon. members, and if you are agreeable we will continue on our business whilst they are signed. Is that agreed, hon. members? Members: Agreed. Papers Laid before the Court The President: Therefore I call upon the Clerk to lay papers. The Clerk: I lay before the Court: European Communities (Isle of Man) Act 1973 - European Communities (Afghanistan Sanctions) (Application) (Amendment) Order 2001 [SD No 528/01] European Communities (Freezing of Funds) (Yugoslavia) (Application) Order 2001 [SD No 448/01] Pension Schemes Act 1995 - Welfare Reform and Pensions Act 1999 (Application) (Amendment) Order 2001 [SD No 557/01] Social Security Act 2000 - Social Security Legislation (Application) (No. 13) Order 2001 [SD No 558/01] Social Security Legislation (Application) (No. 14) Order 2001 [SD No 559/01] Social Security Legislation (Application) (No. 15) Order 2001 [SD No 560/01] Pension Schemes Act 1995 - Pension Schemes Legislation (Application) (No. 3) Order 2001 [SD No 561/01] Pension Schemes Legislation (Application) (No. 4) Order 2001 SD No 562/01] Social Security Contributions and Benefits Act 1992 - Income Support (General) (Isle of Man) (Amendment) (No. 4) Regulations 2001 [SD No 563/01] Fire Services Act 1984 - Fire Services (Discipline) Regulations 2001 [SD No 522/01] Licensing Act 1995 - Drinking in Public Places (Designated Place) (Peel) Order 2001 [SD No 521/01] Custody Rules - Custody Rules 2001 [SD No 520/01] Online Gambling Regulation Act 2001 - Online Gambling (Maximum Number of Licences) Order 2001 [SD No 502/01] Land Registration Act 1982 - Land Registry (Designation of Compulsory Area) Order 2001 [SD No 531/01] Town and Country Planning Acts 1934 to 1991 - Town and Country Planning (Permitted Development) (FMD Disposal Site) Order 2001 [SD No 582/01] Government Departments Act 1987: Statutory Boards Act 1987 - Waste Management Board Order 2001 [SD No 535/01] Electronic Transactions Act 2000 - Electronic Transactions (General) (Amendment) Regulations 2001 [SD No 517/01] Merchant Shipping Registration Act 1991 - Merchant Shipping (Relevant Countries) (Singapore) Regulations 2001 [SD No 405/01] Employment (Sex Discrimination) Act 2000 - Draft Code of Practice on Sex Discrimination in Employment 2001 [SD No 565/01] Employment Act 1991 - Draft Code of Practice on the Recognition of Trade Unions 2001 [SD No 564/01] Petroleum Act 1998 - Submarine Pipelines (Assessment of Environmental Effects) Regulations 2001 [SD No 566/01] Licensing and Registration of Vehicles Act 1985 - Licensing and Registration of Vehicles (Amendment) (No. 2) Regulations 2001 [SD No 568/01] Road Traffic Act 1985 - Road Vehicles (Construction and Use) (Amendment) (No. 2) Regulations 2001 [SD No 567/01] Income Tax Act 1970 - Income Tax (Capital Relief) (Commercial Buildings Allowance) (Port St Mary) Order 2001 [SD No 490/01] Income Tax (Social Security Benefits) (Exemptions) Order 2001 [SD No 525/01] Companies Acts 1931 to 1993 - Companies (Share Premium Account) Regulations 2001 [SD No 552/01] Subsistence Allowances - Subsistence Allowances [GC No 42/01] Value Added Tax Act 1996 - Value Added Tax (Conversion of Buildings) Order 2001 [SD No 507/01] Betting Act 1970 - Betting Duty Regulations 2001 [SD No 508/01] Alcoholic Liquor Duties Act 1986 - Alcoholic Liquor Duties Act 1986 (Amendment) Order 2001 [SD No 509/01] Animal Health Act 1996 - Livestock (Regulation of Movement) (Special Temporary Provisions) Order 2001 [SD No 491/01] Sheep Scab (Control) Order 2001 [SD No 489/01] Foot and Mouth Disease (Animal Feedstuff Seizure and Compensation) Order 2001 [SD No 393/01] Foot and Mouth Disease (Importation) (Temporary Prohibition) (Amendment) (No. 2) Order 2001 [SD No 518/01] Agricultural Wages Act 1952 - Agricultural Wages Regulations 2001 [SD No 533/01] Superannuation Act 1984 - Hospice Care Superannuation Scheme 2001 [SD No 580/01] Superannuation (Miscellaneous Amendments etc.) Scheme 2001 [SD No 581/01] Department of Tourism and Leisure - Tourism Development Fund (Amendment) Scheme 2001 [GC No 47/01] Department of Agriculture, Fisheries and Forestry - Cereals Intervention and Area Payments (Amendment) Scheme 2001 [GC No 48/01] Reports - Report by the Council of Ministers: Select Committee on the Petition for Redress of Grievance of A D Radcliffe. Report by the Council of Ministers: Select Committee on Members of Government Departments. Report by the Council of Ministers: Petition for Redress of Grievance of Jean Noreen Thompson. Drug and Alcohol Strategies Isle of Man: Second Annual Report 1 April 2000 - 31 March 2001. Department of Local Government and the Environment: Report on a Policy for a Waste Minimisation Strategy for the Isle of Man Government. Department of Local Government and the Environment: Recycling Study September 2001. Department of Local Government and the Environment: Housing Policy Review Progress Report, October 2001. Department of Transport: Report on the Queen’s Pier, Ramsey. Report of the Select Committee on the Petition for Redress of Grievance of Jill Dugdale. Report of the Select Committee on the Petition for Redress of Grievance of Albert Edward Ansfield and Geoffrey Sheard Sanders. Report of the Select Committee on Local Government Reform. Report of the Select Committee on the Petition for Redress of Grievance of David Buttery. Report of the Select Committee on the Petition for Redress of Grievance of Margaret Bendall. European Communities (Isle of Man) Act 1973 - European Communities (Summertime) (Application) Order 2001 [draft] Government Departments Act 1987 - Appointment of Members of Departments (No.2) Instrument 2001 [GC No 40/01] Agricultural Wages Act 1952 - Agricultural Wages Board Order 2001 [SD No 532/01] Superannuation Act 1984 - Superannuation (Clerk of Tynwald’s Department) Determination 2001 [SD No 529/01] Medicines Act 1976 - Medicines (Pharmacies) (Registration Fees) Regulations 2001 [SD No 334/01] Alcoholic Liquor Duties Act 1986 - Cider and Perry (Amendment) Regulations 2001 [SD No 510/01] Income Tax Act 1970 - Income Tax (Rate of Interest) Order 2001 [SD No 526/01] Income Tax (Repayment Supplements) Regulations 2001 [SD No 527/01] Currency Act 1992 - Currency (Cat Crowns) Order 2001 [SD No 460/01] Currency (World Cup Football Crowns) Order 2001 [SD No 459/01] Insurance (Amendment) Regulations 2001 [SD No 496/01] Customs and Excise Management Act 1986 - Excise Duty Points (Duty Suspended Movements of Excise Goods) Regulations 2001 [SD No 536/01] Criminal Justice Act 1990 - Anti-Money Laundering (Amendment) Code 2001 [SD No 556/01] Police Act 1993 - Isle of Man Special Constables Regulations 2001 [SD No 554/01] Isle of Man Police (Amendment) Regulations 2001 [SD No 555/01] United Nations - Afghanistan (United Nations Sanctions) (Isle of Man) (Amendment) Order 2001 [SI 2001 No. 2566] Appointed Day Orders - Trustee Act 2001 (Appointed Day) Order 2001 [SD No 434/01] Corporate Services Providers Act 2000 (Appointed Day) (No.2) Order 2001 [SD No 599/01] Criminal Justice Act 2001 (Appointed Day) (No.3) Order 2001 [SD No 596/01] Fair Trading (Amendment) Act 2001 (Appointed Day) (No.1) Order 2001 [SD No 505/01] Licensing (Amendment) Act 2001 (Appointed Day) (Amendment) Order 2001 [SD No 594/01] Reports and Accounts - Isle of Man Water Authority: Annual Report and Accounts 2000/2001.
Load more

Recommended publications
  • Doing Business in the Isle of Man
    DOING BUSINESS IN THE ISLE OF MAN CONTENTS 1 – Introduction 3 2 – Business environment 4 3 – Foreign Investment 7 4 – Setting up a Business 8 5 – Labour 13 6 – Taxation 16 7 – Accounting & reporting 21 8 – UHY Representation in the Isle of Man 23 DOING BUSINESS IN THE ISLE OF MAN 3 1 – INTRODUCTION UHY is an international organisation providing accountancy, business management and consultancy services through financial business centres in over 100 countries throughout the world. Member firms work together through the network to conduct transnational operations for clients as well as offering specialist knowledge and experience within their own national borders. Global specialists in various industry and market sectors are also available for consultation. This detailed report providing key issues and information for users considering business operations in the Isle of Man has been provided by the office of UHY representatives: UHY CROSSLEYS LLC PO Box 1 Portland House Station Road Ballasalla Isle of Man, IM99 6AB British Isles Phone +44 (0) 1624 822816 Website www.crossleys.com Email [email protected] You are welcome to contact Andrew Pennington ([email protected]) or Nigel Rotheroe ([email protected]) for any enquiries you may have. Information in the following pages has been updated so that it is effective at the date shown, but inevitably it is both general and subject to change and should be used for guidance only. For specific matters, users are strongly advised to obtain further information and take professional advice before making any decisions. This publication is current at August 2021. We look forward to helping you do business in the Isle of Man.
    [Show full text]
  • Bank (Recovery and Resolution) Bill 2020
    Bank (Recovery and Resolution) Bill 2020 Consultation Yn Tashtey Treasury November 2019 Contents 1. Executive summary………………………………………………………………………….. 3 2. Introduction and background……………………………………………………………. 4 3. International Standards and implementation approaches…………………….. 4 4. Current Isle of Man position……………………………………………………………… 4 5. Overview of the draft Bill…………….……………………………………………………. 5 6. Feedback on the draft Bill…………..……………………..…………………………….. 10 7. Response Process …………………….…………………………………………………….. 11 2 1. Executive summary What is this Consultation Paper about? Following the Global Financial Crisis which erupted in 2007, various governments and international standard setting agencies have made significant advances in developing the legal, policy and operational frameworks necessary to ensure that future bank failures i) take place in an orderly fashion and ii) impose costs on the creditors and shareholders of the failed firm (through ‘bail-in’), as opposed to imposing costs on taxpayers (through ‘bail-out’). The Financial Stability Board has articulated a set of ‘Key Attributes of Effective Resolution Regimes for Financial Institutions’1, endorsed by the G20 Governments, which have since informed the development of Bank Recovery and Resolution (‘BRR’) regimes in many countries. The aims of a BRR regime are to ensure the continuation of critical banking functions, to protect covered depositors and client assets, to avoid negative effects on financial and economic stability and to minimise reliance on public financial support to failing
    [Show full text]
  • HOUSE of KEYS Y Chiare As Feed
    PP 2020/0047 HOUSE OF KEYS Y Chiare as Feed 12th March 2020 Nomination papers laid before the House of Keys Pursuant to the Order of the House I have laid the attached papers before the House of Keys on the above date. They consist of the nominations, received by email, and attached papers. i / 12th March 2020 Roger PHILLIPS Secretary of the House of Keys Mr. Martyn Perkins, MHK, Legislative Buildings Finch Road Douglas Isle of Man IM1 3PW 30th of January 2020 Mr. Roger Phillips Secretary to the House of Keys The Clerk of Tynwald’s Office Legislative Buildings Finch Road Douglas Isle of Man IM1 3PW Dear Roger – re - Nomination for The Legislative Council Election – 12th of March 2020 Mr. Robert William (Bill) Henderson I wish to propose and nominate Mr. R. W. Henderson of[Address redacted] Isle of Man, Member of the Legislative Council and Tynwald for a position on the Legislative Council in the forthcoming Legislative Council Elections on the 12th of March 2020. I attach his CV/ Introduction document which ably demonstrates why I consider him to be a worthy candidate. The Honourable Member Mr. A. L. Cannan MHK has agreed to second Mr. Henderson and The Honourable Members Mr. Howard Quayle MHK and Mr. Tim Baker MHK have agreed to support the nomination. Mr. Henderson’s contact details are – phone – [Contact details redacted] . Mr. Henderson was born and educated on the Island. He was a long standing Member of the House of Keys, Tynwald and latterly the Legislative Council up until the 29th February 2020.
    [Show full text]
  • Detailed Government Accounts – Year Ended 31 March 2017
    GD 2017/0024 DETAILED GOVERNMENT ACCOUNTS 2016/17 www.gov.im Isle of Man Government Detailed Accounts – Year Ended 31 March 2017 DETAILED ACCOUNTS For the Year Ended 31st March 2017 LAID BEFORE TYNWALD BY THE TREASURY Page 1 Isle of Man Government Detailed Accounts – Year Ended 31 March 2017 CONTENTS 1. Foreword by The Minister ............................................................................. 4 2. Introduction .................................................................................................. 5 3. Financial Highlights ....................................................................................... 6 3.1. Government Revenue ........................................................................................... 6 3.2. Government Capital .............................................................................................. 7 3.3. Reserves Summary ............................................................................................... 8 3.4. Balance Sheet ...................................................................................................... 9 4. Accounting Policies ..................................................................................... 10 5. General Revenue Account ........................................................................... 13 6. Accounts of the Consolidated Loans Fund (CLF)......................................... 22 7. Detail by Departments, Boards and Offices ................................................ 32 7.1. Department of Economic
    [Show full text]
  • It Is the Policy of the Isle of Man Government to Maintain
    Explanatory Memorandum for Tynwald Members Issued by the Treasury To The Hon Stephen Rodan MLC, President of Tynwald and the Hon Council and Keys in Tynwald assembled Tynwald – June 2021 1. TITLE OF MEASURE The Global Anti-Corruption Sanctions (Isle of Man) Order 2021 2. CHANGES IN POLICY The Isle of Man Government’s policy in relation to sanctions: “It is the policy of the Isle of Man Government to maintain the implementation of international sanctions measures in the Isle of Man in line with such measures as have effect in the United Kingdom from time to time.” The policy was revised in July 2019 in part to align more closely with United Kingdom policy on sanctions, as a consequence of the United Kingdom’s departure from the European Union. 3. EFFECTS OF THE MEASURES The Global Anti-Corruption Sanctions (Isle of Man) Order 2021 (of UK Parliament), an Order in Council (the “modified Regulations”), extends, with modifications, the Global Anti-Corruption Sanctions Regulations 2021 (of UK Parliament) (“the Global Anti- corruption Regulations”) to the Isle of Man as amended from time to time, along with 3 specific sections of the Sanctions and Anti-Money Laundering Act 2018 (“the Sanctions Act”) so that the Global Anti-corruption Regulations operate correctly in the Isle of Man context. The Global Anti-Corruption Regulations were made under Part 1 of the Sanctions Act to establish a sanctions regime for the purpose of preventing and combatting serious corruption. The Global Anti-Corruption Regulations, as modified and extended to the Isle of Man by this Order (“the modified Regulations”), provide that a person designated by the Secretary of State for being, or having been, involved in such activities, is a designated person for the purposes of the modified Regulations.
    [Show full text]
  • Invest with Your Head and Your Heart
    www.business365iom.co.uk | JULY 2020 ISSUE INVEST WITH YOUR HEAD AND YOUR HEART How RL360 is championing responsible investing For life’s financial journey www.rl360.com RL360 is part of COVID19 CASTLE MONA B365 FEATURE: HOUSEHOLD RESTORATION WELLNESS AT WORK INCOME SURVEY PLANS It’s a topic that many companies have started taking seriously. The reasons aren’t entirely A survey has been launched by Isle of Man Tevir Group has submitted plans for the first altruistic though, because – in purely financial Government Economic Affairs Division, phase of the restoration of the Castle Mona terms – looking after the health and wellbeing to help further understand the impacts of Hotel. The proposed works are detailed within of staff increases efficiency and improves staff the coronavirus (COVID-19) pandemic on three planning applications and three registered retention. people in the Isle of Man. building applications. THE ISLE OF MAN’S ONLY DEDICATED BUSINESS MAGAZINE NEWS | COMMENT | INSIGHT | PEOPLE | MOVEMENTS | FEATURES | TECHNOLOGY | HEALTH ProtectProtect youryour businessbusiness Secure offshore email, archiving & security awareness training services Inside your organisation Educate employees to recognise threats and use best practice security policies with effective online security training programs. At your perimeter Protection from inbound phishing, malware and spam attacks whether in the office, at home or mobile. Contact Us business.sure.com July CORONAVIRUS HOUSEHOLD IMPACT 5 SURVEY LAUNCHED A comprehensive round-up of the latest business news ProtectProtect youryour covering all sectors within the Isle of Man’s diverse and FIRST LOOK AT CASTLE MONA dynamic business environment. 6 RESTORATION PLANS PDMS ENHANCES MARITIME Expert comment from leading figures within the 10 EXPERIENCE businessbusiness business community, on a variety of topical issues across a range of sectors.
    [Show full text]
  • Report of Proceedings of Tynwald Court
    Printed (by Authority) by CORRIE Ltd., 48 Bucks Road, Douglas, Isle of Man REPORT OF PROCEEDINGS OF TYNWALD COURT DOUGLAS, Tuesday, 21st January, 1986 at 10.30 a.m. Present: The Lieutenant-Governor (His Excellency Major General Laurence New, C.B.E.) In the Council: The President of the Council (the Hon. J.C.Nivison, C.B.E.), the Lord Bishop (the Rt. Rev. Arthur Henry Attwell), the Attorney-General (Mr. T.W. Cain), Messrs. A.A. Callin, Mrs. B.Q. Hanson, Mr. E.G. Lowey, Dr. E.J. Mann, Messrs. J.N. Radcliffe and E.M. Ward, B.E.M., with Mr. T.A. Bavvden, Clerk of the Council. In the Keys: The Acting Speaker (Mr. G.V.H. Kneale), Messrs. W.K. Quirk, W.A. Gilbey, J.D.Q. Cannan, Mrs. C.M. Christian, Messrs. S.L. Morrey, J.H. Kneale, D.G. Maddrell, R.A. Payne, P. Karran, M.R. Walker, N.Q. Cringle, C.H. Faragher, Dr. D.L. Moore, Messrs. C.A. Cain, A.R. Bell, E.C. Irving, C.B.E., A.C. Duggan, D.C. Cretney, D.F.K. Delaney, D. Martin, J.A. Brown, with Mr. R.B.M. Quayle, Clerk of Tynwald. The Lord Bishop took the prayers. APOLOGIES FOR ABSENCE The Governor: Hon. members, we have a number of apologies for absence this morning: First, from Mr. Speaker, who is making good progress and hopes to be back in time for the meeting of the House of Keys next week, from Mr. Anderson, who is now out of hospital and recuperating at home, and Mr.
    [Show full text]
  • Final Report Formatted
    THE PROSPECTS FOR OFFSHORE FINANCIAL CENTRES IN EUROPE MATTIAS LEVIN CEPS RESEARCH REPORT AUGUST 2002 The Centre for European Policy Studies (CEPS) is an independent policy research institute in Brussels. Its mission is to produce sound policy research leading to constructive solutions to the challenges facing Europe. As a research institute, CEPS takes no position on matters of policy. The views expressed are entirely those of the author. Mattias Levin is a Research Fellow at CEPS and a specialist in the area of banking and financial markets in the European Union. The author wishes to acknowledge the valuable input he received in the context of two other projects: a high-level workshop in Liechtenstein on offshore financial centres in November 2001 and a study mission to Madeira with his colleague Wolfgang Hager, also in November 2001. He would also like to thank Prince Nikolaus of Liechtenstein, Stefano Catelani of Du Pont and Karel Lannoo, CEPS CEO, for their constructive comments on earlier drafts of this report. All opinions and any remaining errors, however, are the author’s alone. ISBN 92-9079-382-1 © Copyright 2002, Centre for European Policy Studies. All rights reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means – electronic, mechanical, photocopying, recording or otherwise – without the prior permission of the Centre for European Policy Studies. Centre for European Policy Studies Place du Congrès 1, B-1000 Brussels Tel: 32(0)2 229.39.11 Fax: 32(0)2 219.41.51 E-mail: [email protected] Website: http://www.ceps.be CONTENTS EXECUTIVE SUMMARY ........................................................................................................I INTRODUCTION ...................................................................................................................1 1.
    [Show full text]
  • Legislative Council Elections Bill Was One of Only Two Items to Pass Through Both Branches and Be Promulgated on Tynwald Hill Within the Same Year
    Tynwald Annual Report Parliamentary year 2016/2017 We hope you will find this report useful. If you would like to comment on any aspect of it, please contact: The Clerk of Tynwald Office of the Clerk of Tynwald Legislative Buildings Finch Road Douglas Isle of Man IM1 3PW Get in touch Twitter : @tynwaldinfo Telephone: +44 (0)1624 685500 Email: [email protected] An electronic copy of this report can be found at: www.tynwald.org.im © Office of the Clerk of Tynwald Copyright 2017 The text of this document may be reproduced free of charge in any format or medium providing that it is reproduced accurately and not used in a misleading or derogatory context. The material must be acknowledged as copyright of the Office of the Clerk of Tynwald and the title of the document specified. PP 2017/0145 2 Tynwald Annual Report 2016/2017 Contents Foreword by the Presiding Officers 4 1867 Celebrations 6 Changes in Political Membership 8 The Work of the Legislature 10 Tynwald Day 18 Interparliamentary Engagement 26 Education and Outreach 34 The Clerk of Tynwald’s Office 42 Appendix 48 3 PRESIDENT OF TYNWALD The Hon Stephen Charles Rodan BSc (Hons) MRPharmS MLC SPEAKER OF THE HOUSE OF KEYS The Hon Juan Paul Watterson BA FCA CMgr FCMI SHK foreword 4 Tynwald Annual Report 2016/2017 Welcome to the Tynwald Annual Report 2016/7 2016 saw the 150th anniversary of the House of Keys Elections Act 1866. In 2017 we celebrated the 150th anniversary of the first elections which took place under that Act, with polling taking place in the first week of April 1867.
    [Show full text]
  • Isle of Man Private Wealth Report 2020/21 Contents Foreword Welcome to the Isle of Man Private Wealth Report 2020/21
    Isle of Man Private Wealth Report 2020/21 Contents Foreword Welcome to the Isle of Man Private Wealth Report 2020/21 Foreword 3 Section two: Appendix Dear Reader, Private Wealth Themes I About the Author 72 We are delighted to present this Isle of Man Private Wealth Report Executive Summary 4 2.1 Isle of Man Real Estate 26 II Research Methodology 73 2020/21. A total of 41 Isle of Man based individuals participated in 2.2 Living in Isle of Man 28 III Sponsors 74 the independent research study, comprising 16 private clients (HNWs, UHNWs, HVRs, entrepreneurs) and 25 private wealth professionals Section one: 2.3 Isle of Man Private Clients 32 IV Useful Websites 74 (trustees, investment managers, family office professionals, private Isle of Man 2.4 Relationships, Trust V Disclaimer 75 bankers, insurance brokers, estate agents, lawyers, tax advisers). All and Loyalty 36 1.1 Isle of Man - A Brief History 6 have taken part in qualitative interviews, sharing their expert views 2.5 Investment Management 40 1.2 Isle of Man - Photo credit: Finance Isle of Man and experiences on the Isle of Man private wealth sector. The Island 8 2.6 Life and Pensions 44 In section one, we set the backdrop to the Isle of Man and its private 1.3 Isle of Man - 2.7 Trust and Corporate wealth sector, including its history; Island life; population; and The Population 10 Services 46 international finance centre. We include details of the Isle of Man 1.4 Isle of Man - 2.8 Aviation and Yachting 50 Financial Services Authority; Finance Isle of Man; private wealth in The International 2.9 Digital 52 numbers and relocating to Isle of Man.
    [Show full text]
  • Annual Report 2010/2011 Regulatory Objectives
    Isle of Man Financial Supervision Commission Annual Report 2010/2011 Regulatory Objectives The Commission’s regulatory objectives are to: . secure an appropriate degree of protection for the customers of persons carrying on a regulated activity, . reduce financial crime, and . support the Island’s economy and its development as an international financial centre. The Commissioners Rosemary Penn MBE (Chairman) John Aspden (Chief Executive) John Cashen OBE (Deputy Chairman) Tim Cullen Bryan Stott Geoff Karran MBE Alan Smith 2 Contents Chief Executive’s Report 4 06 Policy Development 32 01 Market Developments 07 Operations Finance and administration 36 International financial markets & the global economy 6 Human resources 37 Isle of Man economy 8 Learning and development 38 Market statistics 9 Information technology 39 02 The Commission: Organisation Appendices and Corporate Governance Appendix A – Financial Supervision Commission Organisation of the Commission 12 and its Functions 40 Corporate governance and risk management 14 Appendix B – Membership of the Financial External communication 15 Supervision Commission 41 Complaints against the Commission 15 Appendix C – Organisation Chart 42 Appendix D – How the Commission operates 44 03 Corporate Business Plan 16 Appendix E – Summary of Licences and Authorisations 46 04 Regulatory Approach Appendix F – Statement of Responsibilities in respect of the Chief Executive’s report 47 Authorisations 17 Report and the accounts of the Supervision 18 Independent Auditors 48 Supervisory approach 19 Appendix
    [Show full text]
  • ANNUAL REPORT 2019/20 the Isle of Man Has a Reputation As a Strong and Stable Jurisdiction That Is Built on Strong Foundations
    ANNUAL REPORT 2019/20 The Isle of Man has a reputation as a strong and stable jurisdiction that is built on strong foundations. Our main pictures reflect this theme, depicting key locations as they were in history and as they are now. At the time of our financial year-end all of our staff were working from home due to COVID-19 restrictions. To represent how we continued to operate and communicate, Board and staff pictures in the report are screenshots taken from video conferences. Front cover: Athol Street 1966 (PG/13633/1/1966/568/1) and 2020 2 CONTENTS INDEX APPENDICES • Chair’s Opening Remarks ..............................................................................5 • Appendix A – Our Functions ......................................................................60 • Chief Executive’s Report .................................................................................7 • Appendix B – Our Board - Corporate Governance, ...........................61 Meetings and Members’ Biographies • Introduction .....................................................................................................10 • Appendix C – Our Organisation Chart ....................................................66 • Our Communication Themes .....................................................................11 • Appendix D – Industry Statistics ...............................................................68 • Year at a Glance 2019 - 2020 ......................................................................18 • Appendix E – Our Accounts ........................................................................74
    [Show full text]