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Amendment wouldn't have had any immediate impact on Island

UK can't legislate for IOM so long as it complies with international law, says CM

The chief minister says if yesterday's amendment to the Financial Services (Implementation of Legislation) Bill had gone through, it wouldn't have had any immediate impact on the Island.

A group of MPs want to force the Island and Crown Dependencies to keep a public register of beneficial ownership.

Had it gone through, it was suggested the Island could find itself in unchartered waters, constitutionally.

Speaking on Mandate this morning, Howard Quayle said the UK couldn't legislate for the Island so long as it complied with international law, a message the Island hadn't been given time to get across:

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