Article 30 Operators: separate participation
This article applies where—
an undertaking (“O”) is an operator; and
O is required to register as a participant, whether on its own or as a member of a group.
O may apply for registration as a separate participant in respect of any relevant trust in relation to which O carries on a regulated activity.
Where—
O is registered as a participant in respect of a relevant trust as described in sub- paragraph (2); and
O would otherwise be part of a group which is a participant for the relevant phase,
O is not to be regarded as part of that group for the phase in respect of the scheme activities of the relevant trust.
In this article, “relevant trust” means a trust where—
the assets of the trust include premises to which a supply of electricity or gas is made;
no beneficiary of the trust is entitled to half or more of the assets of the trust; and
the trust carries on scheme activities.