F1SCHEDULE 5Changes to participants
PART 3Undertakings
SECTION 1Post-qualification period
Participant equivalents leaving a group and joining another group
5.
(1)
Sub-paragraphs (2) to (4) apply to a participant equivalent (“B”) of a group (“H”) where—
(a)
B joins another group (“J”) in the post-qualification period; and
(b)
H and J are groups to which article 27(2) applies.
(2)
In respect of the change H and J must—
(a)
apply for registration as participants in accordance with article 11; and
(b)
when doing so notify the administrator of the change and when it occurred; and
(c)
in the notification by J under paragraph (b), it must inform the administrator whether or not J requests that B may apply for registration as a separate participant.
(3)
Where a request is made under sub-paragraph (2)(c), that must be treated as an application for registration under article 26(2).
(4)
In respect of the information required under paragraph 6 of Schedule 4, J must include the information which applied to B in the qualification year.