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New Practice Note 9 August 2006

The Financial Supervision Commission has issued a new Practice Note:

PN 12/2006 - Guidance Note on the Responsibilities and Duties of Directors under the Laws of the Isle of Man.

This Practice Note sets out the responsibilities and duties of directors under the laws of the Isle of Man and is extracted from Section 5 of the “Fiduciaries (Corporate and Trust Service Providers) On-line Handbook”.

Copies of all the Practice Note issued by the Commission are available on our web site: http://www.fsc.gov.im and from the Companies Registry at Finch Hill House.

Queries concerning this press release should be addressed to the Senior Manager in the Companies Registry.

Telephone: +44 (0)1624 689389

Facsimile: +44 (0)1624 689397

Email: companies@fsc.gov.im

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