Paragraph 5 Participant equivalents leaving a group and joining another group

(1)

Sub-paragraphs (2) to (4) apply to a participant equivalent (“B”) of a group (“H”) where—

(a)

B joins 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; and

(b)

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

(c)

in the notification by J under paragraph (b), it must inform the administrator whether or not J requests that B may apply for registration as a separate participant.

(3)

Where a request is made under sub-paragraph (2)(c), that must be treated as an application for registration under article 26(2).

(4)

In respect of the information required under paragraph 6 of Schedule 4, J must include the information which applied to B in the qualification year.