As the Nominated member and duly authorised agent of the Principals who are engaged in Public practice, I hereby undertake to:
1. ensure that the Firm will comply with the Professional Rules and Practice Guidelines of the Institute; and where there is a complaint against the Firm in respect of its activities as Chartered Tax Advisers, the complaint shall be against the Principals of the Firm who are Chartered Tax Advisers in their capacity as representatives of the Firm and the Institute shall refer such a complaint to the Taxation Disciplinary Board (TDB). In any such case the findings of the TDB shall be binding on the Principals who are Chartered Tax Adviser members in the Firm.
2. ensure that all the Principals who are CTAs will comply with CIOT’s professional rules and ethical standards; and that the Principals who are CTAs will stay up to date with their subscription payments and other membership obligations, particularly, timely submission of their Annual Return.
3. Pay to the Institute the annual fee to use the Practicemark.