Royal Charter

Brief explanatory notes issued by ICAEW outlining the history and legal framework of the Institute's Royal Charters and bye-laws; covers incorporation by Royal Charter in 1880, the 1948 Supplemental Charter and associated bye-laws, the 1957 Scheme of Integration, major amendments in 1972 and 1973, powers to amend the Supplemental Charter and make bye-laws, and the complete revision approved in 1993 and allowed by the Privy Council in 1994; notes that subsequent amendments have been incorporated. (AI generated description)

Text of the Royal Charter granted on 11th May 1880 establishing the Institute of Chartered Accountants in England and Wales; outlines the petition by leading public accountants, reasons for incorporation, proposed membership and examination requirements, professional conduct standards, and the formal incorporation and powers of the Institute; notes that clauses 1 to 28 were revoked by clause 32 of the Supplemental Charter dated 21st December 1948. (AI generated description)

Royal charter granted on 21st December 1948 by King George VI to ICAEW, supplementing the Original Charter of 1880; sets out the Institute's principal objects and ancillary powers; establishes governance via the Council; defines classes of membership (fellows, associates, honorary) and designatory letters; provides for fees, examinations, affiliate status, and admission of members from other institutes and overseas bodies; enables practice assurance, oversight and disciplinary schemes; empowers the making and amendment of bye-laws and regulations; revokes specified clauses of the Original Charter and provides for subsequent amendment and integration arrangements. (AI generated description)

Royal Charter instrument granted on 21 December 1948 to ICAEW by George the Sixth, setting out the Institute's objects and powers; governance by the Council; classes of members (fellows, associates and honorary members) and affiliate status; admission routes including members of the Scottish and Irish institutes and certain overseas bodies; examinations; provisions on bye-laws and regulations; power to amend the Supplemental Charter; revocation of specified clauses of the Original Charter; and the Scheme of Integration with the Society of Incorporated Accountants (1956). Amended by order of the Privy Council on 10 October 2018. (AI generated description)

Royal Charter document for ICAEW granted on 21st December 1948. Sets out the Institute's objects and powers; the role and powers of the Council; classes of membership (fellows, associates, honorary) and admission routes; affiliate status; examinations; bye-laws, disciplinary and regulatory powers; practice assurance, oversight and investigative schemes; power to make regulations and amend the Charter; revocation of specified clauses of the 1880 Original Charter; and provisions for integration with the Society of Incorporated Accountants. Notes amendment by order of the Privy Council on 1st October 2021. (AI generated description)