According to ANBID’s Articles of Association, interested institutions must fulfill the following basic requirements:
|
To be an investment bank or a multiple-charter bank with a fund investment portfolio; or |
|
Other financial institutions, provided that they state in their application form that they need to strengthen relations with the institutions participating in the capital markets, or that they intend to become a multiple-charter bank operating an investment portfolio in the near future. |
| |
The board of directors may exceptionally accept the membership of non-financial institutions that perform asset management activities or other capital markets-related activities.
Fund management and asset management companies may also become affiliated to ANBID as special members, for the specific purpose of participating in this area of activities of ANBID. They will enjoy no voting rights, or may they be the object of voting in the General Meetings of the Association.
The institutions that wish to become members of ANBID must have their application approved unanimously by the Board of Directors of the Association. The membership application must include the following information:
|
List of the members of the executive board and of the board of directors of the applicant; |
|
Articles of Association or Bylaws; |
|
Latest balance sheet of the institution; |
|
Stockholder composition of the institution; |
|
Areas of activities of the institution; and |
|
5 Letters of Recommendation from institutions that are members of ANBID |