The first ever virtual ACE AGM, which was held on the 18th November 2020, attracted 15 out of 24 ACE members. Representing members from England, Scotland, Wales and the Channel Islands the AGM formally approved the 2019-2020 annual accounts and elected 10 new and existing directors for 2020-2021. At the meeting Alan Robson said that he would be standing down as Chair of ACE but that he would continue as an ACE director. The new Chair of ACE will be appointed at the December 2020 Board meeting. The meeting gave big thank you to Alan for his excellent work as Chair of ACE over the past 5 years. Alan said that he hoped that more ACE members would nominate somebody to represent their credit union on the ACE Board as there were still 4 vacancies. ACE CEO said that after some technical delays the revised ACE Model Rulebook was now close to being approved by the FCA. There was a brief discussion about the 2021 ACE Conference that could possibly be delayed again depending on the length of time that the Covid-19 pandemic continues.