Search

Renewing member in practice status

All members in practice are required to provide confirmation of compliance with CIMA’s mandatory requirements by annual renewal of member in practice status.

CIMA charter crest

Members must confirm compliance with CIMA and external regulations by confirming that they have all aspects of the mandatory requirements in place. Members must also confirm compliance with CIMA's Code of Ethics and anti-money laundering regulations

CIMA conducts quality checks on all mandatory requirement documents and copies must be submitted to CIMA upon request.

Members in Practice renewal checklist

Click on the image below to access and print the members in practice renewal checklist.


How to renew

Member in practice annual renewal is available through MyCIMA. Before starting the application it is advisable to have completed all the preliminary preparation as outlined on this page.

See the below drop downs for further details of the process.

All members wishing to renew their member in practice status are required to pay the current member in practice fee

Practising certificates are only valid for one year. A replacement practising certificate will be re-issued once your annual member in practice renewal is completed.

CIMA’s Anti-Money Laundering / Counter-Terrorist Financing (AML/CTF) return:

Please complete this FIRST as you will be required to upload a copy of it as part of you member in practice application. You must also upload the following documents, where relevant, within your AML/CTF return

Criminality test


For UK Members only:

Regulation 26 also requires that if you have appointed any new beneficial owners, officers or managers and you have not already notified CIMA, you will be asked to list their names, the positions they hold (and if applicable their professional bodies) in the AML return. These persons must also provide a Basic Disclosure in order to pass the criminality test.

Please ask them to send their disclosures to aml@aicpa-cima.com    

 

Information needed as part of your renewal

Continuity agreement  You must have a continuity agreement in place and submit your partner details to CIMA as part of the application. 
Professional Indemnity Insurance (PII) Current details of your Professional Indemnity Insurance must be entered in the renewal screens

Documents you need to declare you have in place

Complaints handling procedure You must have a complaints handling procedure in place and confirm as part of your application
Terms of engagement You must have a terms of engagement in place and confirm as part of your application.

AML/CTF Annual return When you complete the return, please follow the instructions on the screen to download a PDF/save a copy of your responces for your records.

CIMA member in practice logo

Members in practice are permitted to use CIMA’s practising certificate holder logo on their website and business stationery. The specifically designed practising certificate holder logo signifies a CIMA member in practice, illustrating commitment and adherence to best practice and a high level of professional standards, which all help to attract and retain clients.

Access to the logo is available through your MyCIMA account upon approval of your annual renewal.