A s well as regulating banks, fiduciaries and other financial services businesses, it’s sometimes forgotten that the Isle of Man Financial Services Authority is responsible for …

… the oversight of directors and persons responsible for the management, administration or affairs of commercial entities … which is a pretty broad remit.

As part of this they occasionally issues general guidance on relevant topics. One of the most useful is… “FSA Guidance on Responsibilities and Duties of Directors under the Laws of the Isle of Man

It’s quite accessible and is a useful guide particularly for those about to take on the responsibilities of a director for the first time.