Correspondence from DCS Manager to Edwin Coe 10/07/09

Mr Greene,

The question of the application to the Court and the relevant date for interest purposes will shortly be considered by the board and a further announcement will be made on the DCS website during this month.

In relation to your numbered paragraphs we comment as follows:-

DCS Scheme Manager Correspondence to Edwin Coe 09/06/2009

Dear Mr Greene,

Thank you for your email.

Regulation 16 of the Compensation of Depositors Regulations 2008 (as amended) (for link see – www.dcs.iom/Regulation.pdf ) provides as follows:-

IOM Companies Act 1931 Amended April 2004

Please see X for reference to Scheme of Arrangement as a 'compromise agreement'

Letters between the FSC and the FSA regarding large deposit

Attached: Also available from TSC web site with pages in the right order ;-)

MoU between the FSA and the FSC -Sept 2003

The MoU is attached below.
A copy of the last assessment report (final page, item 12) has been requested.


Dear Sirs

I am a member of the KSFIOM Depositors Action Group and have been since Oct 2008. Up until now I have tried to give the IOM and various Authorities there the benefit of my doubt – unfortunately this has now stopped.


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