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Incorporated by Royal Charter
For Financial Services Professionals
Members' Area

Company Freedom

Progression through the Livery Companies remains much the same as it has been for centuries and the Company is carrying on those traditions. The first step in progression is to become a Freeman of the Company. When the Company was granted Company without Livery status on the 21st October 2003 all members of the Company automatically became known as "Freemen of the Company" to reflect their new status in accordance with the Livery traditions of the City. In order to become a recognized Freeman of the Company everyone joining after that date must make a ‘Declaration’. The Declaration is read aloud from a printed sheet and covers such matters as promising to keep the laws and rules and helping and furthering the good government of the Company. Following the Declaration each Freeman is issued with a certificate as proof of admission and will be "fined" (a one-off payment) as each person becomes a Freeman by "Redemption" (the Freedom is purchased). This certificate can then be used as proof of admission as a Freeman of the Company and can be taken to the Chamberlain's Court of the Corporation of London when an application is made for Freedom of the City, which is the next step in progression through the Company.  The current Freedom Fine agreed by the Court is £200 with a reduction of 50% for Associate members.

A member of the Company can only be considered for Liveryman when he or she is both Free of the Company and the City.

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Company & Livery History
Prior to 1999, it had not been possible to form an international company, because of the...
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