Paragraph 2 Significant group undertakings leaving a group but not joining another group
(1)
Sub-paragraph (2) applies to a group (“A”) where the following change occurs in the post-qualification period—
(a)
a significant group undertaking (“B”) leaves A; and
(b)
B does not become a member of another group.
(2)
In respect of the change—
(a)
B must—
(i)
apply to be registered as a participant in accordance with article 11; and
(ii)
when doing so notify the administrator that it was a member of A and when it ceased to be so;
(b)
A must—
(i)
apply to be registered as a participant in accordance with article 11;
(ii)
when doing so notify the administrator that B was a member of A and when it ceased to be so; and
(iii)
in respect of the information required under paragraph 6 of Schedule 5, include the information which applied to B in the qualification year.