Times Up: Know your Mutual Entity deadline to issue MCIs

WRITTEN BY Nicole Harrowfield

Now we have entered a new financial year, many of you are likely preparing for AGM season. What you need to know is that the deadline by which Mutuals must amend their Constitutions in order to issue Mutual Capital Instruments (or MCIs) is fast approaching.

If you are a Mutual who might wish to issue MCIs in the future, you have until 6 April 2022 to make the necessary changes. Your upcoming AGM is the perfect opportunity to propose the amendments to your Constitution, and BAL Lawyers are best placed to assist you in preparing for those changes.

If you have any questions about how best to implement MCIs in your company please contact Nicole Harrowfield or the Business & Commercial team at BAL Lawyers.

View our previous article about Mutual Capital Raising here.

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