Ethnic
Mutual is an Industrial and Provident Society
for community benefit and is registered with
the Financial Services Authority (FSA).
As an IPS, the core principle of the society
is that it has a democratic system of governance
based on one member one vote.
There are Two types of memberships
Individuals
there is a limit on the nominal value of withdrawable
shares that individuals can buy. The current
limit is £100.
Corporate
The limit on Corporate members vary.
For Companies, Statutory Agencies, Banks etc,
the limit is £20,000 of nominal share
capital.
For other organisations similar to IPS's or
indeed other IPS's, there is no limit on the
value of nominal share capital they can invest.
•You can
dowlnload the withdrawable share application
form and here.
Withdarawable
Shares Application form |
