Untitled Document
FPL Membership Pricing Structure
| Membership Fee Structure |
| Membership Type | Category | Suggested Fee | Description |
| Premier |
|
$25,000 |
Global investment banks, global vendors, exchanges, global investment managers, global carriers, and other organizations which wish to be seen as a premier sponsor of FPL.Premier members receive greater recognition and sponsorship benefits which will be further developed. |
| Regular |
Non-buyside |
$8,000 |
Non-global, regional bodies and other organizations who do not seek to be recognized as "premier members". This represents "Regular" membership for non-buy-side firms. |
| Buyside |
$4,000 |
Reduced pricing for buyside firms - this is 50% of their current cost. |
| Emerging Markets |
$2,000 |
Reduced pricing for firms who are head-quartered in MSCI Emerging Market countries, meeting specified criteria identified below. |
| Small Firm |
$500 or waived |
Small firms or independent individuals meeting specific criteria identified below. This category recognizes that small firms can contribute volunteer resources more easily than cash. Rate is dependent upon the level of the firm's volunteer resource contribution commitment. |
All members of a given Membership Type are entitled to the same benefits regardless of their Category. Voting privileges are the same regardless of Membership Type.
Criteria for "Small Firm" Membership:
- The qualifying firm cannot be a subsidiary or part of a larger group organization
- The firm must meet at least two of the following conditions:
- Total number of employees or dedicated contractors cannot exceed 8
- Projected revenue or revenue for prior year cannot exceed $500,000
- Net Assets (balance sheet's Assets - Liabilities) cannot exceed $125,000
- A letter signed by a senior officer of the firm stating that the firm meets the above criteria is required
- Note that an independent, self-employed, or unemployed individual may apply for "Small Firm" membership
- Annual membership pricing is based upon the level of volunteer resources contributed:
- In order to qualify for the $500 rate, the firm or individual must agree to participate over a 12 month period as a volunteer in at least 5 hours worth of FPL committee or working group meetings or assigned tasks
- Membership dues may be waived if the firm or individual agrees to participate over a 12 month period as a volunteer in at least 30 hours worth of FPL committee or working group meetings or tasks
- Annual membership renewal
- Applications must be re-submitted and firms must re-qualify
A member of the Global Steering Committee (e.g. a chair of one of the committees that the firm's volunteers are participation in) must endorse the firm's renewal recognizing the firm's non-financial contributions to FPL
Criteria for "Emerging Markets" Membership:
- The qualifying firm must be domestic and head-quartered in one of the MSCI Emerging Markets countries http://www.investopedia.com/terms/e/emergingmarketsindex.asp
- The firm must not be multi-national.
- The firm must meet at least two of the following conditions:
- total number of employees or dedicated contractors do not exceed 100 (if less than 8 then would still fit under the small firm as long as match one of the two other criteria)
- Projected revenue or revenue for prior year is less than $1,000,000
- Net Assets (balance sheet's Assets - Liabilities) is less than $250,000
- A letter signed by a senior officer of the firm stating that the firm meets the above criteria is required
"In-Transition" membership:
- FPL will continue to provide FPL Member privileges to individuals who have recently left the employ of a FPL Member firm for up to 3 months
- Note that individuals who are part of an "In Transition" membership are not entitled to vote
Anonymous members:
- Firms such as Hedge Funds may elect to join FPL but remain anonymous
- The firm will be contributing to the goals of FPL financially and will benefit from FPL Member access
- The firm will be counted as part of the total number of FPL firms and the total number of anonymous FPL firms, however, the firm's identity and employees will not be displayed in member listings
Special relationships:
- FPL may grant FPL Member privileges to entities such as other industry standards organizations or trade associations with which FPL's Global Steering Committee has established a formal memorandum of understanding
- These relationships will be reviewed and renewed on an annual basis
Please see the FAQs for additional information.
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