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Update

ISSUE 59,february 2006


Membership

Business Support Helpline

Keeping up-to-date with current legislation can be very time consuming so to try and assist our members in this process and help you operate more efficiently, we provide telephone access to expert commercial and legal advisors on a complimentary basis, for all ordinary members.

The Helpline is available weekdays between the hours of 8am and 6pm and can assist you with any queries relating to issues including:

•  Commercial and contract law

•  Company law

•  Debts and debt recovery

•  Employment and personnel

•  Health and safety issues

•  Licensing

•  PAYE

•  Payroll

•  Tax and VAT

There are no time limits on calls to the Helpline. The consultants who man the Helpline draw on their own extensive experience to provide practical solutions and guidance on complex compliance issues. The team includes solicitors, chartered accountants and personnel managers; all of who will provide straightforward answers in clear, straightforward language – with no legal jargon.

For expert advice as and when it's needed, call the Business Support Helpline on 08707 454545.

You will need to quote the appropriate scheme number when making your call. Anyone who does not have this should contact Florence Briggs.

 

 

New Members

MEFF RV is the Spanish Official Exchange for Financial Futures and Options. It started its activity in November 1989 and belongs to the MEFF-AIAF-SENAF Holding de Mercados Financieros. Its main activity is the trading, clearing and settling of futures and options contracts on Spanish 10 year Notional Bond, on equity index IBEX 35. MEFF acts as the market and as the Clearing House. MEFF has been recognised by Swiss and British Supervisory Authorities as authorised exchange for trading with entities under their respective jurisdiction. Likewise, offering of bond and equity futures and options contracts in US has been authorised by the CFTC, which has granted the "Part 30 Exemption" to all exchange members.

MEFF is an Official exchange and therefore is fully regulated, controlled and supervised by the Spanish authorities ("Comisión Nacional del Mercado de Valores" y "Ministerio de Economía")

Nymex Europe Limited is the world's largest physical commodity futures exchange and the preeminent trading forum for energy and precious metals. The Exchange has stood for market integrity and price transparency throughout its 132-year history. Transactions executed on the Exchange avoid the risk of counterparty default because the Exchange clearinghouse acts as the counterparty to every trade. Trading is conducted through two divisions, the NYMEX Division, home to the energy, platinum, and palladium markets; and the COMEX Division, on which all other metals trade. The Exchange pioneered the development of energy futures and options contracts 26 years ago as means of bringing price transparency and risk management to this vital market.

Ashurst Ashurst is a leading international law firm advising corporates and financial institutions, with core businesses in M&A, corporate and structured finance.

Ashursts strong and growing international presence is built on extensive experience in working with clients on the complex legal and regulatory issues relating to cross-border transactions. With a team of over 150 partners in 11 countries, they provide advice of the highest quality to organisations around the world. Ashurst London has around 500 lawyers including over 100 partners.