29.—(1) This article applies where—
(a)a public body or undertaking (“T”) is a trustee of a relevant trust; and
(b)T is required to register as a participant, whether on its own or as a member of a group.
(2) T may apply for registration as a separate participant in respect of any scheme activities of any relevant trust of which T is a trustee.
(3) Where—
(a)T is registered as a participant in respect the scheme activities of a relevant trust; and
(b)T would otherwise be part of a group which is a participant for the relevant phase,
T is not to be regarded as part of that group for the phase in respect of the scheme activities of the relevant trust.
(4) In this article, “relevant trust” means a trust where—
(a)the assets of the trust include premises to which a supply of electricity or gas is made;
(b)the trust is not managed by an operator;
(c)no beneficiary of the trust is entitled to half or more of the assets of the trust; and
(d)the trust carries on scheme activities.