Paragraph 17 I1

(1)

Article 23 (business changes and relevant measures) is amended as follows.

(2)

In paragraph (1)(a) for “group entity” substitute “ parent undertaking ”.

(3)

In paragraph (1)(b) for “the entity” substitute “ the UK parent undertaking ”.

(4)

In paragraph (2)—

(a)

in the opening words, omit the words from “Subject to” to “relevant matters,”;

(b)

in sub-paragraph (a), for “group entity” substitute “ parent undertaking ”;

(c)

in sub-paragraph (b), for “the entity” in each case substitute “ the UK parent undertaking ”.

Annotations

I1: Sch. 3 para. 17 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(2)