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Finance regulator reports fall in cases

The Island's financial regulator says it had to take less action against companies last year.

The Financial Services Authority's annual report is due to be laid before Tynwald when the court sits this month.

In it, the FSA says in 2016 it issued 42 directions - but that figure fell to just 30 last year.

However, it also had to apply to wind up three funds in 2017 as well as appoint five controllers, advisers or inspectors.

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