Page 423 - IOM Law Society Rules Book

126 Financial Services Act 2008 c.8

(a) with respect to the operation of this Act and of any
public document made under it;

(b) with respect to any matters relating to functions of the
Commission;

(c) for the purpose of meeting the regulatory objectives;

(d) with respect to any other matters about which it appears
to the Commission to be desirable to give information
or advice.

(2) The Commission may —

(a) publish its guidance; and

(b) offer copies of its published guidance for sale at a
reasonable price.

13. (1) The Commission may issue a public statement
Public
statements concerning a person if the Commission has reasonable grounds
to believe that —

(a) the person is or has been in contravention of any
provision of this Act or a provision made under this
Act; or

(b) the person is or has been in contravention of any condition
imposed on, direction given to or requirement made of
such person under this Act or any regulations; or

(c) the person is or has been in contravention of any
condition imposed upon any exemption granted under
section 44(2) and (3).

(2) The Commission may issue a public statement
concerning any person who it believes is or has been carrying on
a regulated activity (whether in the Island or elsewhere) if it appears
to the Commission to be desirable to make the statement for the
protection of any person or class of persons.

(3) If a direction has been given under section 10(1) or (2)
the Commission shall issue a public statement containing —

(a) such information as is required by regulations under
this Act to be included in the statement; and

(b) such other information about the reasons for the giving
of the direction as the Commission believes to be
desirable in the public interest.