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09 Appendix Q
evidenced as having been approved on behalf of the Club by its Board of Directors or Commi琀琀ee and
circulated to its members/shareholders.
4.1.3 The Associa琀椀on shall by 14 March in a Membership Year provide the Compe琀椀琀椀on with a wri琀琀en
con昀椀rma琀椀on as to any Club of which it is aware whose annual 昀椀nancial statements for the period of
its most recent complete 昀椀nancial year do not sa琀椀sfy the requirements of Rule I1.3 or I1.4 of The
Associa琀椀on.
4.1.4 Where the annual 昀椀nancial statements are not provided to the Compe琀椀琀椀on by the due date or do not
sa琀椀sfy the requirements at paragraph 4.1.2 above then the Licence may be refused or a Condi琀椀onal
Licence issued. The Club may also be subject to a penalty determined by the Compe琀椀琀椀on.
4.2 Filing of annual 昀椀nancial statements – Club companies only
4.2.1 In the case of a Club that is a corporate body (or similar), then that Club must by 14 March in a
Membership Year con昀椀rm to the Compe琀椀琀椀on that the annual accounts for its latest complete 昀椀nancial
year are not overdue for 昀椀ling at 1 March immediately preceding with regulatory bodies such as the
Registrar of Companies at Companies House (or similar).
4.2.2 Where the Compe琀椀琀椀on becomes aware by any means that the annual accounts were overdue for
昀椀ling at 1 March then the Club must be subject to a penalty determined by the Compe琀椀琀椀on that may
include licence refusal or the issuing of a Condi琀椀onal Licence.
4.3 Football Creditors
4.3.1 By 14 March in a Membership Year a Club must provide a wri琀琀en con昀椀rma琀椀on in a form requested
by the Compe琀椀琀椀on that it is not in default of amounts owed by the Club at the 1 March immediately
preceding in respect of Football Creditors. The con昀椀rma琀椀on must also include any on-going
proceedings against the Club in rela琀椀on to Football Creditors. The Club must provide details of any
such proceedings whether through football procedures recognised by the Compe琀椀琀椀on or legal
procedures, such as a winding up pe琀椀琀椀on.
4.3.2 This Criterion shall be met where the Compe琀椀琀椀on has assessed a Club and found it to comply with
the provisions of Rule 11. The date of assessment shall be 1 March in a Membership Year. Where a
Club has reported or the Compe琀椀琀椀on has become aware by any means that a Club has defaulted on
payments to Football Creditors then in addi琀椀on to the powers set out at Rule 11 then the Compe琀椀琀椀on
may refuse the Licence, issue a Condi琀椀onal Licence or suspend the Licence pending the supply of
any further informa琀椀on requested by the Compe琀椀琀椀on and for a period as the Compe琀椀琀椀on shall
determine.
4.4 PAYE and VAT
4.4.1 A Club must be assessed under the Financial Repor琀椀ng Ini琀椀a琀椀ve in respect of PAYE and VAT. The
assessment of a Club and the applica琀椀on of the requirements of the Financial Repor琀椀ng Ini琀椀a琀椀ve to a
Club shall be deemed to be compliance with the criteria.
4.5 Evidence of Funding – Step 1 and 2 only
A Club must be compliant with the requirements of Appendix E Budget Monitoring Scheme and
Permi琀琀ed Loans in rela琀椀on to the Membership Year.
4.6 Insolvency Event
4.6.1 By 14 March in a Membership Year a Club must con昀椀rm to the Compe琀椀琀椀on in wri琀椀ng whether or not
it is subject to an Insolvency Event as at the 1 March immediately preceding. If a Club is so subject to
an Insolvency Event then the Club may be subject to assessment by the Compe琀椀琀椀on in accordance
with the requirements of Rule 13.B. In addi琀椀on to the requirements at Rule 13.B the Compe琀椀琀椀on may
refuse the licence, withdraw a Licence or issue a Condi琀椀onal Licence.
4.6.2 Irrespec琀椀ve of the content of paragraph 4.6.1, a Club subject to Insolvency Events (d), (e), (f) or
(g) as de昀椀ned in the Rules is not en琀椀tled to hold a Licence and must not be permi琀琀ed to par琀椀cipate in
the Compe琀椀琀椀on from the date of the Insolvency Event. A Licence shall automa琀椀cally lapse should a
Club become subject to Insolvency Events (d), (e), (f) or (g) as de昀椀ned in the Rules.
5. GROUNDS AND SECURITY OF TENURE
5.1 At 31 March in a Membership Year a Club must have sa琀椀s昀椀ed the provisions of Rules 2.1, 2.2, 2.3, 2.5
and 2.6.
5.2 Compliance with Rules 2.1, 2.2, 2.3, 2.5 and 2.6 shall be deemed to meet the Criteria.
5.3 A Club that fails to meet the requirements of Rules 2.1, 2.2, 2.3, 2.5 and 2.6 at 31 March may be
refused a Licence.
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