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Membership Eligibility. Membership
of the Company is open to all who work in the financial services
community and is not confined to the banking environment. Indeed,
the Company warmly welcomes those from all the many professions with
close links to international finance such as fund management, audit
and accountancy and public relations. Overseas membership is available
for the international financial community. |
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Application Procedure. The
Court has delegated responsibility for the management of the membership
application process to the Membership Committee. Initial approval
and rejection decisions are taken and acted upon by the Committee.
A report on all decisions is presented to the Court Meetings for
ratification. |
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All prospective members may download information from the website
or will be sent a Membership Application Form, a Company Booklet,
a paper detailing the Company's charity and educational involvement
and a copy of the latest Newsletter by the Clerk. When the
Application Form has been completed by the applicant, endorsed
by the sponsor, and returned to the Clerk, the latter will notify
the Chairman and Members of the Membership Committee of the applicant’s
details and the name of the sponsor (if applicable). The Chairman
and Committee Members will then vet the applicant and notify the
Clerk of his/her suitability for membership of the Company. Should
the Chairman and Committee Members not reach agreement, the application
will be referred to the Master’s Committee who in turn may
refer to the Court. |
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When membership is approved, the Clerk will then send a congratulatory
letter on behalf of the Master, with the necessary papers or will
refer the member to the relevant website page. If membership is
not approved, the Clerk is to write to the applicant, notifying
him/her of the decision. |
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Freedom of the Company. In
accordance with the Ordinances of the Company, all members of the
Company shall be and be deemed to be, Freemen of the Company. At the
discretion of the Court, Freemen of the Company will attend a Freedom Ceremony, at which they
will swear a solemn declaration and pay such dues as the Court
shall from time to time decide. |
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The membership year runs from 1st October to 30th September
and the annual subscription (quarterage) is charged on a pro rata
basis (with the exception of Student Associates and Student Associates
(Graduates)) for those joining during the year. Please note that
in addition to the annual membership subscription, it is expected
of each member that they should pay a donation into the Company’s
Charitable Trust which is at least equal to their subscription
but this is not mandatory and is not a requirement for Student
Associates or Student Associates (Graduates). This donation is,
however, essential in order to support the charitable activities
of the Company. |
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QUARTERAGES. The Court
shall from time to time decide on the quarterages to be paid but
until further notice, the annual quarterages will be as follows: |
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a. |
Freemen with 10 years or more experience in
financial services, in full-time employment and resident
in the UK - £250. |
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b. |
Freemen with 10 years or more experience in financial services,
in full-time employment and resident overseas - £125. |
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c. |
Freemen who are retired and aged 55 years or more - £125. |
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d. |
Freemen (Associates) with less than 10 years experience
in financial services (usually between the age ranges of
25
– 35) in full-time employment - £125. At the
age of 35, or after 10 years (whichever is the sooner) Associates
will be offered full membership. |
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e. |
Freemen (Student Associates) in education or undergoing
training in the financial services - £25. |
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f. |
Freemen (Student Associates (Graduates)) in full time employment
but under the age of 25 - £50 |
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To download an application form in Adobe PDF format CLICK
HERE
To download a Student application form in Adobe PDF format CLICK
HERE
To get Adobe Acrobat Reader CLICK
HERE
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