FULL MEMBERSHIP

Once a formal application has been received via a full member and seconded by another full member the diligence process is as follows;

1     A full analysis of your personal financial situation will be carried out by Deloittes.           A  minimum net worth of £10 million is required before we can consider your              application.

2.      A comprehensive due diligence exercise will be carried out by Linklaters. If this           causes you any concerns please discuss with our Membership Secretary.

3.      Your diligence information will be reviewed the RCYC Management team and if                they are satisfied with the detail then your application will be passed on to the                Main  Committee for approval.
4.      If the Main Committee approve you application (by secret ballot - one black ball           and the application is rejected) you will be formally notified by the Membership           Secretary and will be asked for a deposit of £2 million in cleared funds.

Annual Fees

The current annual fees are £60,000 per metre payable in advance.