Regulation 20 Application to form a groupI1

For the purposes of regulation 19, the applicant must satisfy the Commissioners that the bodies corporate which are the subject of the application have consented to group treatment.

The application must specify which one of bodies corporate that are the subject of the application will be the representative member.

If the Commissioners accept the application, they must notify the representative member of the group of the date on which group treatment will commence.

If the Commissioners refuse the application, they must notify the applicant and all of the bodies corporate who are the subject of the application.

The Commissioners may require the representative member to provide security for the payment of MGD in accordance with regulation 11(1)(a), but of an amount which the Commissioners consider to be appropriate for the group.