Article 27 Changes to undertakings and groups

a requirement to register applies to a group or undertaking under article 24 or 25;

a change described in section 1 of Part 3 of Schedule 5 applies to that group or undertaking after the qualification day but before the group or undertaking makes an application for registration in accordance with article 12 (“the post-qualification period”).

a group or undertaking to which article 24 or 25 would otherwise apply must instead register as a participant as provided by section 1 of Part 3 of Schedule 5; and

other undertakings affected by such change must comply with that section.