It is shown that every LOCALLY idempotent (LOCALLY M-PSEUDOCONVEX)Hausdorff algebra A with pseudoconvex von Neumann bornology is a regular (respectively, bornological) inductive limit of metrizable LOCALLY m-(kB-convex) subALGEBRAS AB of A. In the case where A, in addition, is sequentially BA-complete (sequentially advertibly complete), then every subalgebraAB is a LOCALLY m-(kB-convex) Frechet algebra (respectively, an advertibly complete metrizable LOCALLY m-(kB-convex) algebra) for some kB Î (0, 1]. Moreover, for a commutative unital LOCALLY M-PSEUDOCONVEX Hausdorff algebra A over C with pseudoconvex von Neumann bornology, which at the same time is sequentially BA-complete and advertibly complete, the statements (a)–(j) of Proposition 3.2 are equivalent.