Membership & Campaigns

Summary of FLA’s Articles of Association Concerning Membership

Note: The following is a summary of FLA’s requirements under the Association’s Articles of Association. A complete set of FLA’s Memorandum and Articles is available to download.

Members

Every organisation applying for membership of FLA shall deliver an application in the form required by the Association’s governing body. (Article 3)

Each member shall appoint a representative (being a director or partner) to attend and (if a full member) to vote on its behalf at general meetings of the Association. (Article 4)

Full membership is available to organisations which provide, or are about to start providing consumer credit and finance, instalment finance, or asset finance or leasing in the UK. (Article 6)

Associate Members of the Association shall be confined to Organisations which are not eligible for Full Membership but which provide goods or services to members or otherwise support the Association’s objects set out in clause 3a of the Memorandum of Association. The Board may from time to time determine sub-categories of Associate Member. (Article 7)

Limitations on Associate Members

An associate member’s representative may attend and speak at Association general meetings but is not entitled to vote. A representative may not be a member of FLA’s Board nor of the managing committee of one of FLA’s divisions. A representative may not nominate nor vote for any person for election to a divisional managing committee. (Article 12)

Subscriptions

Every member shall pay the required subscription on joining FLA. (Article 14)

Each member shall pay the requested annual subscription within 21 days of invoice. (Article 15)

No member which is one month or more in arrears in payment of its subscription shall be entitled to enjoy, receive or participate in any of FLA’s membership services until the amount outstanding has been paid together with interest if demanded. (Article 16)

Termination of Membership

A member may withdraw from membership by giving at least three months’ written notice. Such action will not release the member from liability for any monies due to FLA. (Article 17)

FLA will terminate an organisation’s membership if an order is made or an effective resolution passed for winding up the member except for the purposes of a reconstruction or amalgamation; or a receiving order is made against the member. (Article 18)

FLA may terminate an organisation’s membership if there are monies outstanding to FLA for three months or more. (Article 19)

Member Obligations

FLA invoices are to be paid within 21 days of receipt. (Article 20)

Any financial information reasonably required by FLA’s Board is to be submitted by the due date. (Article 21)

Any statistical information reasonably required by FLA’s Board is to be submitted by the due date. (Article 23)

Full members must observe the provisions of the relevant FLA Code(s) of Practice. (Article 25)