OYFL League Rules 40 2023-2024 15. Finance A. The Management Committee shall determine with which bank or other financial institution the funds of the Competition will be lodged. B. All expenditure in excess of £200.00 shall be approved by the Management Committee. Cheques shall be signed by at least two Officers nominated by the Management Committee. C. The financial year of the Competition will end on 31st March. D. The accounting records, or a certified balance sheet, of a Competition shall be prepared and shall be audited/verified annually by a suitably qualified person(s) who shall be appointed at the AGM. 16. Insurance A All Clubs must have valid public liability insurance cover for a minimum of ten million pounds (£10,000,000) at all times. B. All Clubs must have valid personal accident cover for all Players registered with them from time to time. The Players’ personal accident insurance cover must be in place prior to the Club taking part in any Competition Match and shall be at least equal to the minimum recommended cover determined from time to time by the Sanctioning Authority. In instances where The FA is the Sanctioning Authority, the minimum recommended cover will be the cover required by the Affiliated Association to which a Club affiliates. Failure to comply with Rule 16(A) or 16(B) will result in a fine in accordance with the Fines Tariff. 17. Dissolution A. Dissolution of the Competition shall be by resolution approved at an SGM by a majority of three quarters (3/4) of the members present and shall take effect from the date of the relevant SGM. B. In the event of the dissolution of the Competition, the members of the Management Committee are responsible for the winding up of the assets and liabilities of the Competition. C. The Management Committee shall deal with any surplus assets as follows: 1. Any surplus assets, save for a trophy or any other presentation, remaining after the discharge of the debts and liabilities of the Competition shall be transferred only to another Competition or Affiliated Association or The Football Association Benevolent Fund or to such other charitable or benevolent object in the locality of the Competition as determined by resolution at or before the time of winding up, and approved in writing by the Sanctioning Authority. 2. If a Competition is discontinued for any reason a trophy or any other presentation shall be returned to the donor if the conditions attached to it so provide or, if not, dealt with as the Sanctioning Authority may decide. MATCH RELATED RULES 18. Qualifications of Players A. A Player is one who, being in all other respects eligible, has: 1. Registered through the FA Player Registration System and received approval from the Competition. The registration must include a photograph of the player. Photos should have been taken no more than three (3) months prior to the date when added to the Player Registration System. Player photos should be replaced for a new season when registering players at Under 10, Under 13 and Under 17. For players that are registered with the League for the first time then proof of date of birth (birth certificate, passport, any official government document that has date of birth on it) must be verified and acknowledged by the Club Registration Officer in Player Registration System and a copy should made be available to the League Registration Secretary in cases of query upon request. All players must be registered via Player Registration System and approved by the League Registration Secretary one (1) day prior to the match in which they first play. Requests for approval must be received no later than 9.00
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