Becoming a Party

 
Anyone wishing to trade in the Pool must first become a Party. Below is a summary of the admission conditions that must be met to become a Party:

  • Complete and submit an Admission Application form;
  • Fulfilled one of the following:

    have been granted a licence from OFFER;
    have an application pending;
    be exempt;
    be an External Pool Member;
    be an Externally Interconnected Party.

  • Have in place appropriate VAT arrangements.
  • Pay an application fee of £250.
Once approval has been given by the Executive Committee, an Accession Agreement to the P&SA has to be completed after which the applicant becomes a Party and is bound in a contractual relationship with other Parties.