Applications by group members other than the representative member
This
adran has no associated
Memorandwm Esboniadol
15.—(1) A body corporate may apply to the Commissioners to—
(a)transfer from its current group to a different group; or
(b)cease to be treated as a member of a group.
(2) The Commissioners must be satisfied that the body corporate has given notice of the application to the representative member of the current group and the group it is applying to join.
(3) A body corporate is to be treated as not being a member of the group by virtue of this regulation only-
(a)if the application is accepted by the Commissioners; and
(b)from a date notified by the Commissioners to the representative member and the body corporate which made the application.