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SCHEDULE 2MATTERS TO BE INCLUDED IN ADMISSION AGREEMENTS WITH TRANSFEREE ADMISSION BODIES

8.  A requirement that a transferee admission body—

(a)notifies the Committee of any matter which may affect, or is likely to affect, its participation in the Scheme; and

(b)gives immediate notice to the Committee of any actual or proposed change in its status which may give rise to a termination,

and, for these purposes, a termination includes a take-over, reconstruction or amalgamation, liquidation or receivership and a change in the nature of the body’s business or constitution.