Pillar 3 disclosures required by the Financial Services Authority (United Kingdom Regulator)

	Annual public Pillar 3 qualitative and quantitative disclosures are required by the Financial Services Authority ("FSA") prudential sourcebook rules for Banks, Building Societies and Investment Firms ("BIPRU"). The FSA is an organisation responsible for regulating financial services in the United Kingdom ("UK").
	The disclosure included herein is for Morgan Stanley International Limited and its subsidiaries (the "MSI Group") only. The MSI Group’s ultimate parent undertaking and controlling entity is Morgan Stanley, a Delaware corporation, which, together with its consolidated subsidiaries, for purposes of the disclosures are called the Morgan Stanley Group ("Morgan Stanley Group"). The information disclosed in this document is not necessarily indicative of the Morgan Stanley Group as a whole. Investors, stakeholders, creditors or other users seeking information on capital adequacy, risk exposure and risk management policies of the Morgan Stanley Group should consult the public disclosures of Morgan Stanley Group. These disclosures can be found at http://www.morganstanley.com/about/ir/sec_filings.html.

2008 Pillar 3 Disclosures UK        PDF