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Law Society |
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Law SocietyThe professional body for solicitors in England and Wales.Its aims and objectives are defined in the 1845 Royal Charter as having a responsibility to promote a 'professional improvement and facilitate the acquisition of legal knowledge'. The primary responsibility is to train and support solicitors to ensure they 'offer access to justice for all'. Also to enhance the reputation of the legal system by developing and maintaining standards in training and continuing education, admission of solicitors, professional ethics and investigation of complaints.Similar MatchesSociety for Worldwide Interbank Financial TelecommunicationsSociety for Worldwide Interbank Financial TelecommunicationsAn international body which sets protocols and standards for international payment systems, such as electronic money transfers. Building societyBuilding society'Mutual' non-profit-making institutions set up to lend money to their members for house purchase. Building societies are 'mutual;' because they are owned by their members, and their members are entitled to their profits and benefits.The Building Societies Act 1986 enabled building societies to provide a much wider range of services to their members, including unsecured personal loans, insurance policies, house-selling, and pensions. This was designed to put them on a level playing field with banks.In recent years some of the UK's largest building societies have demutualised and effectively turned themselves into profit-making banks, with their profits being distributed to shareholders rather than their customers.Building societies are regulated by the Financial Services Authority (FSA). Society for Worldwide Interbank Financial Telecommunications (SWIFT)Society for Worldwide Interbank Financial Telecommunications (SWIFT)A dedicated computer network to support funds transfer messages internationally between over 900 member banks world-wide. Friendly societyFriendly societyA mutual organisation whose funds, after the deduction of running costs, are owned by its policyholders.The main purpose of a friendly society is to provide life assurance and to assist members during sickness and unemployment. They were first formed around the sixteenth century in order to provide protection for the families of working individuals in the event of their death or illness and to encourage self reliance.Some of these societies grew into large mutual insurance companies and still exist today. Friendly societies are regulated by the Financial Services Authority (FSA). Civil society organizationCivil society organizationNon-governmental organization Further SuggestionsBuilding societyCivil society |
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