Obtaining membership of ICMAGroup is one of the best decisions that you can take as of now. According to recent stats, ICMAGroup has a total of around 600 members, who are scattered in over 60 countries out there in the world. They are in both buy side as well as in sell side of the market.
Why should you obtain the membership of ICMAGroup?
Once you obtain the membership of ICMAGroup, you will get the opportunity to become a part of a diverse and international community. This community will provide you with access to a team of experts, who are having professional market expertise. On the other hand, it would regularly evaluate the trends as well as developments that are taking place in the industry as well.
There are numerous professional committees that are representing the membership of ICMAGroup. They include members who are actively participating in the ICMAGroup and working groups. No matter what, all of them are contributing towards the future of the market.
As a whole, the members of ICMAGroup have been able to create a major impact with their real voice within the representation that they have in the market. This is listened by the governmental agencies as well as regulators. On the other hand, it is also possible to see how contact is made with the people who are in a position to create a positive impact on the market. They include governmental agencies and regulators. On the other hand, it is possible to make contacts with members on a regular basis through the ICMA Forums. Some of the most prominent examples for forums include the regional meetings, ICMA Annual General Meeting, and the seminars and other events that take place along with time.
Types of membership
The membership of ICMA is made out of both full members as well as associate members. Full members are all the firms that actively work with securities. For example, the investment issuers and investment banks are holding full membership. You will also be able to find brokers, securities dealers, commercial banks, regional banks, asset managers, and private banks holding the full membership. On the other hand, we can also see how full members include trading venues, including multi-lateral trading facilities and recognized stock exchanges. There are also central counter pieces and the settlement systems that exist out there.
The associate members of ICMAGroup include all the organizations, which are playing a major role within the market and try to maintain strong relationships with ICMA. They include central banks, government institutions, legal firms, and the credit rating agencies. It is possible for the full members as well as associate members to have access to all services that are available under ICMAGroup. However, the associate members of ICMAGroup will not be able to go ahead and case their vote at the Annual General Meetings. On the other hand, associate members don’t have the ability to put forward a candidate to the board as well.
How to apply for ICMAGroup membership?
While having a strong understanding about the different types of memberships, you will need to proceed with applying for membership. This understanding is extremely important as it would contribute towards the results that you can receive at the end of the day.
You should initially check and see whether you are eligible for the membership. The eligibility criteria for ICMAGroup membership are published on the website. You can go through the details and check whether you are eligible or not. Based on that, you can decide whether to go ahead with the membership process or not.
You should also have a clear understanding about the fee structure before you apply for membership. The membership fee that you have to bear for the tier 3 membership would be CHF 17,500 per year. This is applicable for both full members as well as associate members. You will also be able to obtain tier 1 membership, tier 2A membership, and tier 2B membership. You can take a look at all those information by contacting the ICMAGroup membership department. All the new members would be making their payments depending on a pro-rated subscription. This would cover up the period of the year, which ranges from January 1 to December 31, which is based upon the date of admission.
When you are ready to go ahead, it is possible to fill out the application form and proceed with the membership. Make sure that you carefully go through the application at the time of requesting for membership. This will help you to ensure that you are not committing any mistakes when you sign up for membership. This will provide you the chance to increase the ability of getting your membership approved.
It is also important to keep in mind that no individuals will be able to obtain direct membership of ICMAGroup. That’s because ICMAGroup membership is currently available only at institutional level. You will need to provide relevant documents to support your membership and get the membership request accepted. Along with the membership application, you can also see all the supporting documents that you should be providing as well.
What are the obligations of ICMAGroup membership?
Once you become a member of ICMAGroup, you will need to adhere to the obligations of the membership. For example, all the members will need to continue with paying their annual membership fees. On the other hand, the newly admitted members will need to do that on a pro-rated basis.
All the full members of ICMAGroup will need to record their transactions with related to international securities. Those details should be stored at least for a duration of up to five years. Moreover, all the full members will need to comply with the equitable principles of the business and trade. On top of that, you should adhere to proper market practices at all times as well.
