Paragraph 5 Significant group undertakings transferring between groups

(1)

Sub-paragraphs (2) to (4) apply to a significant group undertaking (“G”) of a group (“H”) where—

(a)

G becomes a significant group undertaking as a member of another group (“J”) in the post-qualification period; and

(b)

H and J are groups to which article 27(2) applies.

(2)

In respect of the change H and J must—

(a)

apply for registration as participants in accordance with article 11;

(b)

when doing so notify the administrator of the change and when it occurred; and

(c)

in the notification by J, it must inform the administrator whether or not J requests that G may apply for registration as a separate participant.

(3)

Where a request is made under sub-paragraph (2)(c), that must be treated as a request under article 25(2) and paragraphs (3) to (6) of that article apply.

(4)

In respect of the information required under paragraph 6 of Schedule 5—

(a)

H must include the information which applied to G in the qualification year;

(b)

J must not include that information.