Having one financial regulator for the Island will produce a leaner, fitter system of regulation, according to Treasury Minister Eddie Teare.
On Tuesday, Tynwald voted to effectively merge the Financial Supervision Commission and Insurance and Pensions Authority into the Isle of Man Financial Services Authority.
Mr Teare told Jason Roberts more about the change:
Clip 1
Enterprise minister contacted by six businesses in week following minimum wage approval
Tim Johnston questioned over new rate impact in House of Keys
New Non Executive Director sought for Steam Packet
Treasury seeks someone with experience to take ferry operator forward
"How can we prep for this?": Concerns continue to mount over minimum wage rise
Business owners urged to attend meeting to discuss impact of rate increase
Swiss Chalet in Glen Helen set to get new lease of life as farm shop
Isle of Man Farm Shop Company to bring 'iconic building back to its former glory'
