IoM To Extend Ombudsman Scheme
Thursday, March 4, 2010
The Isle of Man Office of Fair Trading has issued proposals to extend the remit
of the Financial Services Ombudsman Scheme to include the category of Money
This will include:
- Operation of a bureau de change;
- Any service or activity involving transmission of money or any representation
of monetary value, by any means either directly or as an agent; and
- Provision of cheque cashing services.
The Financial Services Ombudsman Scheme is a free, independent dispute resolution
service for individuals with an unresolved complaint against an Isle of Man
financial firm such as a bank, insurance company or financial adviser.
Members of the public and businesses are invited
to submit their comments on the draft proposals by April 16, 2010.