Article 14 Issue of statement or summary to members

Regulation 2 of the 1998 Regulations^f1 (interpretation) applies in relation to a relevant transfer with the following modifications—

(a)

in the definition of “group”, before “shall be construed” insert “(except in the term “immediate group”)”;

(b)

after the definition of “group” insert—

““immediate group”, in relation to a successor company, means the immediate parent undertaking of that company and any subsidiary undertakings of that immediate parent undertaking, but does not include any parent undertaking of that immediate parent undertaking.”.

Annotations

Footnotes

f1: S.I. 1998/212, to which there are amendments not relevant to this Order.