The Championship was first played at Formby in 1938. The first day of the Championship is an 18 hole Medal Round for players with handicaps of 20.4 and under.
This is combined with the Silver Meeting, for which there is a prize for the Best Gross, presented by the President of the Association, and 4 nett prizes.
The best 16 gross scores qualify for matchplay over two days. The Champion for the year is presented with the Championship Trophy, which is a silver salver, and the Captain of the Association's Prize. The Runner Up receives a prize and the Runner's Up Trophy, which is also a silver salver, presented by the Association in 2008.