Commission's nod to FSA
Business prospects post-Brexit have been given a boost after a nod to the Island from the European Commission.
The Isle of Man Financial Services Authority was recently declared a 'competent' body for its controls on certain auditors.
Under FSA rules, those who audit firms with securities tied to Europe are bound by strict regulation - the EC's commendation gives those regulations official approval.
Despite only affecting a handful of businesses, the Manx government considers it a 'positive endorsement' and a testiment to the Island's 'international standard'.
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