Byelaw 2 (5):
‘A person shall be qualified for admission as a Fellow if he satisfies condition (b) but not (a) of paragraph (4) of this Byelaw if he is a person whose experience and other relevant qualifications, if any, would, in the opinion of the Council, mean that he would contribute significantly to the pursuit of the objects of the Institute, provided that not more than ten persons may be admitted to be Fellows under this paragraph (5) in any calendar year.’
The Royal Charter paragraph 2:
‘The objects of the Institute shall be the advancement of the public education in and the promotion of the study of the administration and practice of taxation and the principles of economic and political science in relation to taxation.’