It's been revealed the Financial Supervision Commission spent ?3.9 million in the year ending March 2008.
Over half of the expenditure went towards the salaries of the regulatory body's 65.5 members of staff, four of whom, as heads of division, earned between ?70,000 and ?86,000.
In the same period, the FSC collected ?12.6 million in licence holder and company fees, on behalf of the Manx government.
The figures have been published in a written answer to a Tynwald question from North Douglas MHK Bill Henderson.
Last month it was revealed that the chief executive of the FSC, John Aspden, earns nearly quarter of a million pounds a year.
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