ARTICLES OF ASSOCIATIONFOREX AND THE TREASURER OF BANKAFTB
APPROVED BY THE GENERAL ASSEMBLY OF June 25, 2010
ARTICLE 1:
The Forex Association of Treasurers and Banking - AFTB is a non-profit, governed by the law of 1 July 1901, founding member of the ACI - The Financial Markets Association. Its members are financial market professionals, particularly those involved in the markets and exchange rates, credit institutions, investment firms and their associations. The AFTB resulted from the merger occurred as of 5/13/93 between the Association of Treasurers of Bank and Market Professionals and the Association of dealers in France - Forex Club France.
ARTICLE 2:
The Association aims to:
- To promote, through collaboration between its members, development of market activities by creating new markets or instruments, the definition of space usage and consultation with the profession of banking and financial authorities on technical, legislative and regulatory framework promoting the development of market activities,
- To promote professional and friendly relationship between financial market participants as well as contacts and collaboration with organizations pursuing similar objectives or related in France or abroad,
- To promote vocational training in contributing to the definition of its objectives and organization,
- Providing support, in collaboration with the banking and financial authorities, the definition of ethical rules applicable to the profession.
ARTICLE 3:
The Headquarters of the Association shall be 8 rue du Mail 75002 PARIS, and may be transferred to any other place by decision of the Board of Directors.
ARTICLE 4:
The duration of the Association is unlimited.
ARTICLE 5:
The Association adheres to the federation called "ACI - The Financial Markets Association" with headquarters located at 8 rue du Mail 75002 PARIS. As a result, these statutes were brought into line when they are drafting the charter and statutes of the ACI - The Financial Markets Association.
ARTICLE 6:
The Association consists of active members, Honorary Members, Associate Members and Retired Members. The admission of a new member is subject to the approval of the Steering Committee.
Active Members:May be candidates for admission professionals credit institutions and investment firms operating on the various monetary and financial markets, including currency and interest rate in any capacity whatsoever.Active members must meet the admission criteria set by the ACI - The Financial Markets Association and are approved by the Steering Committee of the Association.
The foreign exchange dealers association members called to exercise their functions in France will be welcomed into the Association provided that they satisfy the admission requirements and have left their national association of origin.
Honorary Members:The Board of Directors may confer honorary membership to any person or entity, whether active or not, because of the outstanding service she has rendered to the Association.
Associate members:Candidates and may be accepted by the Board as an Associate Member Associations whose members are likely to become members of the AFTB or, by their activity, are likely to promote or develop the subject of the AFTB as defined in section 2. Associate Members serve on the Board of Directors, through a representative appointed for this purpose.
Retired Members:Active Members asserting their right to retirement may be retired members.
ARTICLE 7:
Any active or associate member shall pay an annual fee whose amount is set by the Board of Directors and subject to ratification by the General Assembly. Non-payment of dues results in the cancellation of the Association. The amount of annual dues of active members temporarily unemployed workers and retired members are left to their discretion.
ARTICLE 8:
It is given to each active member, having paid their annual dues, a membership card of the Association.
ARTICLE 9:
The quality of active or associate member of the Association is lost:- By resignation,- The cessation of business activities involved in the Association,- The radiation passed for cause by the President after consulting the Director.
The active membership is maintained when active is momentarily deprived of employment.
Members who resign or are removed can not claim any rights to the property of the Association, nor make any claim for fees previously paid.
ARTICLE 10:
The Association is administered by a Board of Directors consists of:
- 40 members elected for a maximum period of 3 years by the General Assembly, by a simple majority of members present or represented and associate members present or represented, and secret ballot if a member of the Association request,- Individuals who have received the quality of Honorary Members.
The Council is renewed by thirds every year, the first order of retirement being determined by lot. Candidates for the Board of Directors must submit an application with the Secretary General at least 15 calendar days before the date of the General Assembly. The term of office is renewable. However, in case of absences of a director, identified by the Steering Committee, more than half of the meetings of the Board during a year of its mandate, it will not be renewed.
In case of vacancy, the Council may, upon proposal of the Director, provide for the replacement of its members, the appointment must be ratified by the next General Assembly. If the Assembly for ratification was not obtained, the proceedings taken and acts done would still be valid.Each member of the Board of Directors may appoint an alternate who will be selected from active members or associate members of the Association. This alternate may, at the request of the Administrator, to represent the Council.
ARTICLE 11:
The Council shall be convened by its President or at the request of a majority of its members. The presence of at least one quarter of Council members is necessary for the validity of the proceedings. An absent member can not be represented by a director who can not receive more than two proxies, or by his alternate.
Decisions are taken by majority vote of the members present or represented. In the event of a tie vote, the President has the casting vote. The minutes of the meetings held in a special register, signed by the President or the Secretary.
ARTICLE 12:
The Board is vested with the broadest powers to act on behalf of the Association and make or authorize any act allowed the Association except those reserved to the General Assembly. He shall convene the General Meetings.
ARTICLE 13:
The Council shall elect from among its members, the President. The President must be a member of the ACI - The Financial Markets Association. The term of office of the President is two years. The President can request that two consecutive full terms.The President proposed and submitted for approval to the Board the composition of the Steering Committee composed of the Secretary General, the Presidents of Technical Commissions, the Treasurer, the Deputy Secretary General, the Assistant Treasurer.
The President is responsible for implementing Council decisions and to ensure the proper functioning of the Association he represents in court and in all acts of civil life. He chairs the general meetings, meetings of the Board of Directors and the Steering Committee. The President may delegate his powers, but such delegation can be permanent and must be defined and limited to a specific object. In the absence of the President, the Association is represented by a member of the Steering Committee has designated, and no provision has been made for this purpose by the Secretary General.
The Secretary General is responsible for drafting the minutes, correspondence, the registrar under the Act of 1 July 1901.
Members of the Steering Committee animate community life. They are responsible for the technical work related to their field of work, organization and facilitation of community life.
The Treasurer maintains the accounts of the Association and under the supervision of the President, carries out any payment and receives any sum. It is responsible for collecting contributions, he holds a regular accountancy of all operations and reports to the General Assembly which decides on its management.
Deputy Secretary-General assists the Secretary General in the performance of his duties and replaced in his absence.
ARTICLE 14:
The General Assembly of the Association includes active members, associate members and honorary members who have the right to vote.
The General Assembly hears the reports on the management of the Board and the financial and moral situation of the Association. It approves the financial statements, approves the budget and provides, if necessary, renewal of the Board of Directors. It meets at least once a year, and each time it is called by the Board of Directors and at the request of at least a quarter of its Members.
The agenda is set by the Board of Directors. However, the Assembly shall deliberate on all matters brought to the agenda at the request, in writing and in identical terms, at least 20 members of the Association to the Secretary General at least 15 calendar days before the meeting.
The invitations are sent at least 14 calendar days in advance and indicate the agenda.
Quorum for the Assembly shall consist of at least one fifth of its active members. If this condition is not met, the meeting is called again, this time it deliberates validly regardless of the number of members present on the agenda of the previous meeting.
Decisions are taken by majority vote of the members present or represented. The deliberations of the General Assembly are recorded in the minutes included in the special register and signed by the President or the Secretary General. It approves the accounts for the year, provides for the renewal of Board members, and generally deliberates on all the proposals brought to the agenda that affect the development of the Association and the management of its interests.
ARTICLE 15:
Extraordinary General Meeting
Amendments to the statutes, the dissolution of the Association, its merger or union with other organizations with a similar aim can not be passed by an Extraordinary General Meeting specially convened for that purpose.
Changes to statutes are deliberate and determined under the same conditions as the quorum for ordinary meetings, and two-thirds majority.
If one of the first convocation, the Assembly has been able to raise the number of members provided for in paragraph above, it can be summoned at least two weeks apart a second Assembly which shall be valid by a majority of members present or represented.
The dissolution of the Association shall not be granted unless the Extraordinary General Meeting is composed of at least half of its members present or represented. The decision is made by a majority of two thirds of members present or represented.
The Extraordinary General Meeting sovereignly determines the use made of the net assets of the Association.
ARTICLE 16:
The annual resources of the Association consists of:
- Membership fees in respect of credit institutions or investment firms that employ them and individually- Public or private grants to the extent permitted by law,- Compensation charged for the cost of benefits incurred by the Association,- Income from investments or all resources authorized by the laws and regulations.The fiscal year begins on January 1 and ends December 31.
ARTICLE 17:
The President, on behalf of the Council is responsible for completing the formalities of declaration and publication required by law. To this end, all powers conferred on the President of the Association.
ARTICLE 18:
Cases not covered by the articles are submitted to the Council.
ARTICLE 19:
Rules of Procedure:
The Board of Directors may, if deemed necessary, provide rules of procedure that will determine the rules for the implementation of these statutes. This regulation will be subject to the approval of the General Assembly.
APPROVED BY THE GENERAL ASSEMBLY OF June 25, 2010
ARTICLE 1:
The Forex Association of Treasurers and Banking - AFTB is a non-profit, governed by the law of 1 July 1901, founding member of the ACI - The Financial Markets Association. Its members are financial market professionals, particularly those involved in the markets and exchange rates, credit institutions, investment firms and their associations. The AFTB resulted from the merger occurred as of 5/13/93 between the Association of Treasurers of Bank and Market Professionals and the Association of dealers in France - Forex Club France.
ARTICLE 2:
The Association aims to:
- To promote, through collaboration between its members, development of market activities by creating new markets or instruments, the definition of space usage and consultation with the profession of banking and financial authorities on technical, legislative and regulatory framework promoting the development of market activities,
- To promote professional and friendly relationship between financial market participants as well as contacts and collaboration with organizations pursuing similar objectives or related in France or abroad,
- To promote vocational training in contributing to the definition of its objectives and organization,
- Providing support, in collaboration with the banking and financial authorities, the definition of ethical rules applicable to the profession.
ARTICLE 3:
The Headquarters of the Association shall be 8 rue du Mail 75002 PARIS, and may be transferred to any other place by decision of the Board of Directors.
ARTICLE 4:
The duration of the Association is unlimited.
ARTICLE 5:
The Association adheres to the federation called "ACI - The Financial Markets Association" with headquarters located at 8 rue du Mail 75002 PARIS. As a result, these statutes were brought into line when they are drafting the charter and statutes of the ACI - The Financial Markets Association.
ARTICLE 6:
The Association consists of active members, Honorary Members, Associate Members and Retired Members. The admission of a new member is subject to the approval of the Steering Committee.
Active Members:May be candidates for admission professionals credit institutions and investment firms operating on the various monetary and financial markets, including currency and interest rate in any capacity whatsoever.Active members must meet the admission criteria set by the ACI - The Financial Markets Association and are approved by the Steering Committee of the Association.
The foreign exchange dealers association members called to exercise their functions in France will be welcomed into the Association provided that they satisfy the admission requirements and have left their national association of origin.
Honorary Members:The Board of Directors may confer honorary membership to any person or entity, whether active or not, because of the outstanding service she has rendered to the Association.
Associate members:Candidates and may be accepted by the Board as an Associate Member Associations whose members are likely to become members of the AFTB or, by their activity, are likely to promote or develop the subject of the AFTB as defined in section 2. Associate Members serve on the Board of Directors, through a representative appointed for this purpose.
Retired Members:Active Members asserting their right to retirement may be retired members.
ARTICLE 7:
Any active or associate member shall pay an annual fee whose amount is set by the Board of Directors and subject to ratification by the General Assembly. Non-payment of dues results in the cancellation of the Association. The amount of annual dues of active members temporarily unemployed workers and retired members are left to their discretion.
ARTICLE 8:
It is given to each active member, having paid their annual dues, a membership card of the Association.
ARTICLE 9:
The quality of active or associate member of the Association is lost:- By resignation,- The cessation of business activities involved in the Association,- The radiation passed for cause by the President after consulting the Director.
The active membership is maintained when active is momentarily deprived of employment.
Members who resign or are removed can not claim any rights to the property of the Association, nor make any claim for fees previously paid.
ARTICLE 10:
The Association is administered by a Board of Directors consists of:
- 40 members elected for a maximum period of 3 years by the General Assembly, by a simple majority of members present or represented and associate members present or represented, and secret ballot if a member of the Association request,- Individuals who have received the quality of Honorary Members.
The Council is renewed by thirds every year, the first order of retirement being determined by lot. Candidates for the Board of Directors must submit an application with the Secretary General at least 15 calendar days before the date of the General Assembly. The term of office is renewable. However, in case of absences of a director, identified by the Steering Committee, more than half of the meetings of the Board during a year of its mandate, it will not be renewed.
In case of vacancy, the Council may, upon proposal of the Director, provide for the replacement of its members, the appointment must be ratified by the next General Assembly. If the Assembly for ratification was not obtained, the proceedings taken and acts done would still be valid.Each member of the Board of Directors may appoint an alternate who will be selected from active members or associate members of the Association. This alternate may, at the request of the Administrator, to represent the Council.
ARTICLE 11:
The Council shall be convened by its President or at the request of a majority of its members. The presence of at least one quarter of Council members is necessary for the validity of the proceedings. An absent member can not be represented by a director who can not receive more than two proxies, or by his alternate.
Decisions are taken by majority vote of the members present or represented. In the event of a tie vote, the President has the casting vote. The minutes of the meetings held in a special register, signed by the President or the Secretary.
ARTICLE 12:
The Board is vested with the broadest powers to act on behalf of the Association and make or authorize any act allowed the Association except those reserved to the General Assembly. He shall convene the General Meetings.
ARTICLE 13:
The Council shall elect from among its members, the President. The President must be a member of the ACI - The Financial Markets Association. The term of office of the President is two years. The President can request that two consecutive full terms.The President proposed and submitted for approval to the Board the composition of the Steering Committee composed of the Secretary General, the Presidents of Technical Commissions, the Treasurer, the Deputy Secretary General, the Assistant Treasurer.
The President is responsible for implementing Council decisions and to ensure the proper functioning of the Association he represents in court and in all acts of civil life. He chairs the general meetings, meetings of the Board of Directors and the Steering Committee. The President may delegate his powers, but such delegation can be permanent and must be defined and limited to a specific object. In the absence of the President, the Association is represented by a member of the Steering Committee has designated, and no provision has been made for this purpose by the Secretary General.
The Secretary General is responsible for drafting the minutes, correspondence, the registrar under the Act of 1 July 1901.
Members of the Steering Committee animate community life. They are responsible for the technical work related to their field of work, organization and facilitation of community life.
The Treasurer maintains the accounts of the Association and under the supervision of the President, carries out any payment and receives any sum. It is responsible for collecting contributions, he holds a regular accountancy of all operations and reports to the General Assembly which decides on its management.
Deputy Secretary-General assists the Secretary General in the performance of his duties and replaced in his absence.
ARTICLE 14:
The General Assembly of the Association includes active members, associate members and honorary members who have the right to vote.
The General Assembly hears the reports on the management of the Board and the financial and moral situation of the Association. It approves the financial statements, approves the budget and provides, if necessary, renewal of the Board of Directors. It meets at least once a year, and each time it is called by the Board of Directors and at the request of at least a quarter of its Members.
The agenda is set by the Board of Directors. However, the Assembly shall deliberate on all matters brought to the agenda at the request, in writing and in identical terms, at least 20 members of the Association to the Secretary General at least 15 calendar days before the meeting.
The invitations are sent at least 14 calendar days in advance and indicate the agenda.
Quorum for the Assembly shall consist of at least one fifth of its active members. If this condition is not met, the meeting is called again, this time it deliberates validly regardless of the number of members present on the agenda of the previous meeting.
Decisions are taken by majority vote of the members present or represented. The deliberations of the General Assembly are recorded in the minutes included in the special register and signed by the President or the Secretary General. It approves the accounts for the year, provides for the renewal of Board members, and generally deliberates on all the proposals brought to the agenda that affect the development of the Association and the management of its interests.
ARTICLE 15:
Extraordinary General Meeting
Amendments to the statutes, the dissolution of the Association, its merger or union with other organizations with a similar aim can not be passed by an Extraordinary General Meeting specially convened for that purpose.
Changes to statutes are deliberate and determined under the same conditions as the quorum for ordinary meetings, and two-thirds majority.
If one of the first convocation, the Assembly has been able to raise the number of members provided for in paragraph above, it can be summoned at least two weeks apart a second Assembly which shall be valid by a majority of members present or represented.
The dissolution of the Association shall not be granted unless the Extraordinary General Meeting is composed of at least half of its members present or represented. The decision is made by a majority of two thirds of members present or represented.
The Extraordinary General Meeting sovereignly determines the use made of the net assets of the Association.
ARTICLE 16:
The annual resources of the Association consists of:
- Membership fees in respect of credit institutions or investment firms that employ them and individually- Public or private grants to the extent permitted by law,- Compensation charged for the cost of benefits incurred by the Association,- Income from investments or all resources authorized by the laws and regulations.The fiscal year begins on January 1 and ends December 31.
ARTICLE 17:
The President, on behalf of the Council is responsible for completing the formalities of declaration and publication required by law. To this end, all powers conferred on the President of the Association.
ARTICLE 18:
Cases not covered by the articles are submitted to the Council.
ARTICLE 19:
Rules of Procedure:
The Board of Directors may, if deemed necessary, provide rules of procedure that will determine the rules for the implementation of these statutes. This regulation will be subject to the approval of the General Assembly.
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