Mr Flappy,
The MBF will be taking a vote (12 May) on whether to have Austair operate as trustees of the fund.
If Austair become the fund trustee, then the MBF will allow new members.
IMHO, explained here quite well (from the other thread)
http://www.pprune.org/dg-p-reporting...ml#post5632344
(Post #139 if the link doesn't take you there)
DIVOSH!