Status of Taipei Society of Investment Professionals

[joseph]

Memo

To:
CFA Program Candidates in Taiwan

From:
Raymond J. DeAngelo
Managing Director, Member and Society Division
CFA Institute

Date:
5 April 2005

Re:
Status of Taipei Society of Investment Professionals as
CFA Institute Member Society



I thought you would be interested in learning about an important matter which has developed with regards to the Taipei Society of Investment Professionals. This matter is separate and apart from, and does not affect, your candidacy in the CFA Program.
The Taipei Society of Investment Professionals (TSIP) was admitted as a Member Society of CFA Institute in February 2000. In August 2003, there were two elections held for the board of directors of TSIP and two boards of directors were elected. CFA Institute has not been able to determine which board, if either, is a properly elected board under Taiwan law.
Section 3.14 of the CFA Institute Bylaws permits the Board of Governors of CFA Institute to terminate a society's membership in CFA Institute. The Board was advised of the situation in Taiwan, the competing board elections, and the inability to be certain of the election process. At its meeting on 4 February 2005, the Board of Governors approved the revocation of TSIP's status as a Member Society of CFA Institute. On 9 March 2005, the Board also approved that the requirement for applicants to apply to a member society as a condition of regular membership in CFA Institute is suspended for applicants resident in Taiwan until a new member society is recognized.

Revoking the TSIP's membership status enables the formation of a new CFA Institute Member Society in Taiwan, if such an organization is desired by CFA Institute members there. If this interest is clearly expressed by a sufficient number of members, then proper elections could be held. The elections would be supervised by CFA Institute representatives and conducted in such a manner as to ensure that all charterholders and regular members claiming membership were given the opportunity to vote.

I would welcome and appreciate any comments or questions you might have on this development, specifically whether or not you are in favor of the formation of a new society. Please write or e-mail me with your thoughts.


Thank you for your understanding and thoughtful consideration of this
issue.

台灣的TSIP好像被取消會員資格了,看來要重新成立一個新的了

[henrychentw]

我今天也收到這封信...