AMI will mark its first anniversary in May, during the association’s last 10 months, it has recruited more than 10,000 members and become the accepted voice of the mortgage intermediary community. AMI’s remit is to lobby the Treasury, FSA, FOS and policymakers here and in Europe, to ensure that professional mortgage intermediarieshave a say in how the market is to be regulated.
The existing AMI Board has drawn up the election constituencies and timetable for proceedings. Every AMI member will be allocated to a constituency, depending on the size of their firm. Each constituency will elect its own representative so every part of the market will be represented on the Board.
Each member of AMI will be contacted, informed of their constituency and provided with full information about the electoral process. The first stage of this is to invite members, who wish to play a more active role, to stand for election.
Chris Cummings, AMI Director, stated: “The current AMI Board has achieved a tremendous amount. To take a start-up trade body from scratch to a position where it is the single recognised trade association within its industry sector, in less than a year, is impressive. The simple fact that we are now ready to hold our first elections is proof of the excellent work of the Board.”
The elections will take place over the next 12 weeks to allow members to consider standing, provide sufficient time for the election process, and votes to be counted and audited. Results are scheduled to be announced in July.
