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:
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Property transactions on Island dip in December
Totals sales and value down compared to November
Manx law firm plays part in return of Bitcoin worth up to £1m
Cryptocurrency had been seized from owner by law enforcement authorities
Family-run business in the south closes
It's due to 'ever-rising costs' and lack of trade
Southampton flights to start this weekend
Loganair to operate routes until March
