Regulation 21 Effect of group membershipI1
United Kingdom
(1)
Where under this Part any bodies corporate are treated as members of a group, any business carried on by the group is to be treated as carried on by the representative member.
(2)
A reference to an RP in regulations 12 and 13 must be read for the purposes of this Part as though it is a reference to the representative member.
(3)
All members of the group are jointly and severally liable for any MGD due from the representative member.
(4)
A body corporate may not be treated as a member of more than one group at the same time.