The FME signs a Memorandum of Understanding with the Isle of Man Financial Supervision Commission
The FME signs a Memorandum of Understanding with the Isle of Man Financial Supervision Commission on November 27 2006.
The purpose of the MoU is to strengthen cooperation and the exchange of information between the authorities. This is the first MoU between the FME and a supervisory authority outside the EEA.
The MoU covers cooperation between the two authorities in general, but the making of it was initiated because of the operation of Kaupthing Singer & Friedlander´s subsidiaries in the Isle of Man.