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paid-in capital and available reserves in excess of € 500,000 may become corre-
spondent members.
Companies that qualify as ordinary members may not apply for correspondent membership. Should a correspondent member acquire all the requirements needed to become an ordinary member, it shall acquire that status to all effects and purposes.
Once thirty-six months have elapsed from the date of membership, a correspondent member that does not meet all the requirements to qualify as an ordinary member will forfeit its membership. The Board of Directors may, however, at its discretion, allow the correspondent member to continue to be part of the Association for a given period of time, with a decision to be taken on the matter every two years.
Correspondent members may not sit on the Board of Directors and have voting and representation rights only in extraordinary meetings.
Supporting members include companies that engage in businesses that are related to, connected with or incidental to those of ordinary members, and that meet the following requirements:
(a) Are established as limited companies;
(b) Have been registered with the company register for at least thirty-six months;
(c) Their paid-in capital or available reserves total at least € 100,000;
(d) Have their accounts audited on a compulsory or voluntary basis at least as from the current year up to the time of application.
Subsidiaries owned directly or indirectly by other companies, including foreign companies, are also eligible for membership even though they do not meet the requirements as under (b) and (c) above, provided that their share capital and available reserves total at least € 500,000 and they have been registered with the company register for at least thirty-six months;
National and International Memberships
For the purpose of representing its Members, ASSOFIN is also a member of ABI (Italian Banking Association) and has a seat on its Board, operating alongside other Associations and helping to appoint a representative. ASSOFIN is a founding member of the OAM (Agent and Broker Organisation). It is also engaged in international operations in its capacity as a member of Eurofinas, the European Federation of finance house associations, bringing together 17 national associations of the industry.
Mission
ASSOFIN’s mission is to allow the operators in the relevant industries to meet and exchange views.
SERVICES
Consultancy and Representation: ASSOFIN gives its Members constant advice on
legal, fiscal, economic and compliance matters, the fruit of work performed by ad hoc
PRESENTATION
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