As well as regulating banks, fiduciaries and other financial services businesses, it’s sometimes forgotten that the Isle of Man Financial Supervision Commission 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 the FSC occasionally issues general guidance on relevant topics. The latest is … “FSC 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.