Isle of Man FSA Disqualified Directors

The Isle of Man Financial Services Authority may petition the High Court of Justice of the Isle of Man under Section 3 (1) (a) of the Company Officers (Disqualification) Act 2009 seeking disqualification of that person from acting as:

• a director, secretary or registered agent;
• a liquidator;
• a receiver;
• a person holding an office under any relevant foreign law analogous to any of the offices specified in paragraph (a), (b) or (c) in respect of a company; or
• a person who, in any way, whether directly or indirectly, is concerned or takes part in the promotion, formation or management of a company.

The period of disqualification can range from a minimum of 2 years to a maximum of 15 years.