SCHEDULES

SCHEDULE 2Scheme employers

PART 3

9

An admission agreement must include—

a

provision for it to terminate if the admission body ceases to be such a body;

b

a requirement that the admission body notify the administering authority of any matter which may affect its participation in the Scheme;

c

a requirement that the admission body notify the administering authority of any actual or proposed change in its status, including a take-over, reconstruction or amalgamation, insolvency, winding up, receivership or liquidation and a material change to the body's business or constitution;

d

a right for the administering authority to terminate the agreement in the event of—

i

the insolvency, winding up or liquidation of the admission body,

ii

a material breach by the admission body of any of its obligations under the admission agreement or these Regulations which has not been remedied within a reasonable time,

iii

a failure by the admission body to pay any sums due to the fund within a reasonable period after receipt of a notice from the administering authority requiring it to do so.