Changes

On 10 May 2018 the Fund became a charitable community benefit society, registered (no. 7765) on the Mutuals Public Register of the Financial Conduct Authority (FCA) under the Co-operative and Community Benefit Societies Act 2014.<ref>[https://mutuals.fsa.gov.uk/SocietyDetails.aspx?Number=7765&Suffix=CBS Mutuals Public Register of the Financial Conduct Authority] (Retrieved 10 November 2018)</ref> It has a bespoke constitution agreed with the FCA, a corporate structure to limit the liability of trustees and members, but one that reflects the constitution, is tax efficient and still allows members to continue as shareholders.<ref>[https://www.svrlive.com/epnovember18 Express Points November 2018]</ref>  In November 2021, following completion of the transfer of 5164, the EMF Trustees began a Shareholder Consultation, noting that:  *''5164 has been acquired by EMF for a nominal sum.''*''In order to start fund-raising and commit expenditure to the overhaul of 5164, we wish to amend the Fund’s Objects to include reference to this locomotive, alongside the Manor Class locomotives already in our ownership.''*''The recommendation is that EMF amend the Objects of the Charity with the addition of the clause below, indicated in bold and underlined::''The Objects of the Charity are, for the benefit of the community, to advance education and learning in relation to heritage steam locomotives in particular by restoring, preserving, maintaining and operating the former Great Western Railway “Manor” class 4-6-0 Locomotives No 7812 “Erlestoke Manor” and No 7802 “Bradley Manor” '''<u>and 5101 class 2-6-2T Large Prairie No 5164</u>''' (“the Locomotives”) in an authentic livery in full working order for as long as possible.''