Member-nominated trustees and member-nominated directors
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The date members' approval for an opt-out ends
For an
opt-out to have been put in place, it had to be approved by the members. The date the opt-out ends is the date that the approval ceases. This will either be:
- 10 years from the date the approval was treated as being given (where the approval was given before 6 October 2002); or
- four years from the date the approval was treated as being given (where approval was given after 6 October 2002).
This will be the commencement date for the MNT and MND requirements if it is before 31 October 2007.