TISA Exchange | TEX TISA Exchange - About Tex

About TeX

TeX is a not-for-profit organisation which will work with the industry to ensure that the maximum benefit will be provided to all members. This new company is financially independent from TISA but benefits from being linked to the TISA brand through name, the expertise provided by the two corporate entity directorships and the administrative support provided by TISA. This gives the industry a number of benefits, including:

The strength of an existing successful industry body
The recognition of TISA as an independent cross-industry body by the FSA, other regulators and government
A critical mass of staff and infrastructure
Assurance to members that there will be no commercial influence over TeX
Reduced risk of a small group dominating the direction of TeX
Breadth of internal expertise and experience
Experience of running a not for profit, low-cost membership body
Experience of running a cross industry database (the ISA transfers database used extensively by all ISA providers, not just TISA members)
Lower set up costs

The structure of TeX provides strong corporate governance. The Board will comprise industry directors from many different sectors together with TISA directors to ensure the wider industry also has a voice.


No increase to TeX membership fees
 
TeX is industry funded and operates on a not-for-profit basis. The fees for annual membership have been held at their current level, which means they have remained static since 2012. TeX is also delivering savings to its members by driving down industry costs through the adoption of one common set of terms maintained by TeX, this, in turn, is  leading to better consumer outcomes.

If you would like further information, please view the explanatory documents or contact either:

Carol Knight, email: carol.knight@tisa.uk.com tel: 01642 666989 Mobile: 07967 317003

Jeffrey Mushens, email: Jeffrey.mushens@tisa.uk.com tel: 01245 359873 mobile: 07939 575093

Alternatively, please use the contact form by clicking here