Joining of a participant or participant equivalent with a non-participant
This section has no associated Explanatory Memorandum
3.—(1) Sub-paragraph (2) applies to a participant or participant equivalent (“C”) where the following change occurs in the post-qualification period—
(a)C becomes a member of another group or undertaking (“D”); and
(b)D is not required to register under article 24.
(2) In respect of the change—
(a)C or D must—
(i)apply for registration as a participant in accordance with article 11; and
(ii)when doing so notify the administrator that C is a member of D and when that occurred;
(b)D is only a participant in respect of C when D registers on behalf of C.